Republic of Armenia : Third Review under the Stand-By Arrangement and Modification of Performance Criteria-Press Release; Staff Report; Staff Supplement; and Statement by the Alternate Executive Director for the Republic of Armenia
Author/Editor:
International Monetary Fund. Middle East and Central Asia Dept.
Publication Date:
December 16, 2020
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Armenia’s economy has been hit hard by twin shocks: the COVID-19 pandemic (now in its second wave), and the recent military hostilities involving the Nagorno- Karabakh conflict zone. Reflecting these shocks, growth is expected at -7¼ percent this year, with the fiscal deficit and debt rising considerably. Nonetheless, the authorities have responded promptly with healthcare and anti-crisis measures to limit the pandemic’s impact while protecting vulnerable groups and safeguarding macroeconomic stability.
Series:
Country Report No. 2020/318
Frequency:
regular
English
Publication Date:
December 16, 2020
ISBN/ISSN:
9781513549835/1934-7685
Stock No:
1ARMEA2020003
Format:
Paper
Pages:
86