Republic of Armenia: Third Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterion

Author: International Monetary Fund

Volume/Issue: Volume 2003 Issue 093

Publication date: April 2003

ISBN: 9781451801460

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Public Finance , Industries - Energy , Public Policy - Social Services and Welfare , ISCR , CR , PRGF arrangement , equivalent , equivalent of SDR , three-year Poverty Reduction and Growth Facility , net present value , executive board's discussion , Armenian authorities , government in order , Arrears , Energy sector

Also of interest

Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

This paper evaluates the Republic of Armenia’s Third Review Under the Poverty Reduction and Growth Facility (PRGF) and a Request for Waiver of Performance Criterion. The PRGF-supported program remains on track. All but one of the December 2002 quantitative performance criteria were met, and all structural measures envisaged for implementation up until February 2003 have been carried out or implemented as a prior action for the third review. The targets on tax revenue, stock of domestic arrears, fiscal deficit, and net international reserves were met with comfortable margins.