Republic of Armenia.
The Armenian economy suffered a major setback during the global crisis. Recent macroeconomic developments are encouraging, despite inflation pressures. The fiscal policy strategy appropriately addresses medium-term fiscal and debt vulnerabilities. The monetary policy has been appropriate. The increa...
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| Superior document: | IMF Staff Country Reports |
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| VerfasserIn: | |
| Place / Publishing House: | Washington, D. C. : International Monetary Fund, 2010 ©2010 |
| Year of Publication: | 2010 |
| Language: | English |
| Series: | IMF Staff Country Reports
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| Online Access: | |
| Physical Description: | 1 Online-Resource |
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| Summary: | The Armenian economy suffered a major setback during the global crisis. Recent macroeconomic developments are encouraging, despite inflation pressures. The fiscal policy strategy appropriately addresses medium-term fiscal and debt vulnerabilities. The monetary policy has been appropriate. The increased flexibility of the exchange rate is serving well, and the banking sector remains sound and proved resilient to the global shocks. Further improvement in tax administration is needed to support fiscal consolidation and achieve stronger growth. Structural reforms will be essential to enhance competitiveness. |
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| ISBN: | 9781455258925 9781455212736 |
| Access: | Only OEAW-employees or in the reading room of our library. |
| Hierarchical level: | Monograph |