IMF Staff Country Reports

Republic of Armenia: Fourth Review Under the Stand-By Arrangement and Request for Modifications of Performance Criterion and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director

December 17, 2024

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. Middle East and Central Asia Dept. "Republic of Armenia: Fourth Review Under the Stand-By Arrangement and Request for Modifications of Performance Criterion and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director", IMF Staff Country Reports 2024, 348 (2024), accessed May 22, 2025, https://doi.org/10.5089/9798400297267.002

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

Economic activity remains strong but moderating as transitory trade, remittances, and capital flows peter out. The outlook is positive, with growth expected to reach 6.0 percent in 2024 and to converge gradually to its long-term rate. Inflation has picked up very slowly and is expected to remain below the CBA’s inflation target in the short term, weighed down by low food and energy inflation, dram appreciation, and the lagged effect of tight monetary policy. Geopolitical tensions, a slowdown in main trading partners, and a possible reversal of capital flows remain the main risks to the outlook.

Subject: Central Banks, Expenditure, External debt, International reserves, Public debt, Revenue administration

Keywords: Armenia's national assembly, End-June headline inflation inflation rate, Global, Inflation expectation, International reserves, Preliminary data, Year-over-year inflation target

Publication Details

You May Also Be Interested In...

Republic of Kosovo: Fourth Reviews Under the Stand-By Arrangement and the Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Republic of Kosovo

May 21, 2025

People’s Republic of China: Advancing Risk Management for Large Taxpayers

May 20, 2025

West African Economic and Monetary Union: Staff Report on Common Policies for Member Countries-Press Release; Staff Report; and Statement by the Executive Director for the West African Economic and Monetary Union

May 19, 2025

West African Economic and Monetary Union: Selected Issues

May 19, 2025