Republic of Armenia; Third Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criterionâ€”Staff Report; and Press Release on the Executive Board Discussion

This paper evaluates the Republic of Armeniaâ€™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.

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Year of publication:	2003-04-04
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Poverty Reduction and Growth Facility \| expenditure \| expenditures \| external debt \| central bank \| current account \| debt sustainability \| debt service \| capital expenditures \| net present value of debt \| balance of payments \| total expenditure \| domestic expenditure \| medium-term expenditure framework \| capital expenditure \| external financing \| current account deficit \| fiscal policy \| budget system \| social expenditures \| expenditure framework \| payment arrears \| medium-term expenditure \| debt sustainability analysis \| government expenditure \| repurchases \| mtef \| expenditure control \| current account deficits \| debt ratios \| classification of expenditures \| long-term external debt \| social expenditure \| debt service payments \| expenditure items \| repayments \| expenditure rationalization \| current account balance \| nonconcessional debt \| debt-equity \| foreign loans \| total expenditures \| expenditure policy \| expenditure data \| public debt \| external debt service \| domestic financing \| external loans \| sector expenditure \| debt management practices \| budget laws \| domestic currency \| debt-service obligations \| external loan \| public and publicly guaranteed debt \| debt relief \| external payments arrears \| short-term debt \| distribution of expenditures \| budget balance \| general resources account \| public sector expenditure \| budget systems \| improving expenditure control \| government deficit \| debt management \| long-term debt \| budgeted expenditures \| external payments \| public sector expenditure review \| domestic borrowing \| external public debt \| public and publicly guaranteed \| expenditures on health \| concessional debt \| government debt \| expenditure categories

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 03/93 6 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005825125