Statement by Yuriy G. Yakusha, Alternate Executive Director for the Republic of Armenia
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar Close
Publication Date:
29 Jan 2009
eISBN:
9781451801729
Language:
English
Keywords:
ISCR; CR; statement by Yuriy G. Yakusha; executive director for the Republic of Armenia; executive director; statement; alternate executive director for the Republic of Armenia
Download PDF (334.2 KB)

This 2008 Article IV Consultation highlights that Armenia’s recent economic performance has remained strong, and the economy is poised for another year of double-digit growth. Rising inflation, a widening current account deficit, and rapid credit growth have raised concerns about overheating. Executive Directors have commended the authorities for the successful implementation of macroeconomic policies under the Poverty Reduction and Growth Facility (PRGF)-supported program that expired in May 2008. Directors have also welcomed the authorities’ intention to withdraw fiscal stimulus during 2008–09 to address current imbalances.

Same Series

Other IMF Content

Other Publishers

  • Collapse
  • Expand
Cover IMF Staff Country Reports
Republic of Armenia: 2008 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Supplement; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Armenia.
Author:
International Monetary Fund
Volume/Issue:
Volume 2009: Issue 029
Publisher:
International Monetary Fund
ISBN:
9781451801729
ISSN:
1934-7685
Pages:
109
DOI:
https://doi.org/10.5089/9781451801729.002