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Republic of Armenia: Staff Report for the 2001 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

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  • International Monetary Fund

Abstract

This paper assesses the Republic of Armenia’s 2001 Article IV Consultation and a Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). The economic situation in Armenia has improved since mid-2000 following the deterioration in late 1999 and early 2000. Real GDP began to recover in the second quarter and increased by 6 percent for 2000 as a whole. The authorities have made progress in reforming the energy sector, which remains a considerable financial drain on the budget and the rest of the economy.

Suggested Citation

  • International Monetary Fund, 2002. "Republic of Armenia: Staff Report for the 2001 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility," IMF Staff Country Reports 2002/073, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2002/073
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