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With a strong recovery in train, the authorities are gradually withdrawing the policy stimulus released during the pandemic. Although debt is sustainable, there is a high risk of debt distress. At the same time, financing the Roghun dam project while implementing tax reform remains a key...
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This paper discusses Republic of Armenia's Second Review Under the Stand-By Arrangement, Requests for Augmentation of … decline over the medium-term in line with Armenia's fiscal rule, while maintaining space for investment and social spending …
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