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Armenia has commenced a robust recovery from the deep 2020 recession, benefiting from strong policies and the lifting …
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This paper presents Fiscal Transparency Evaluation (FTE) for Armenia. This report provides 10 recommendations aimed at …'s Fiscal Transparency Code (FTC). Armenia's fiscal transparency practices have strengths and weaknesses in all areas of FTC … evaluation also estimates Armenia's public sector financial position, in order to provide a more comprehensive view of public …
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authorities of Armenia regarding design of fiscal rules and associated fiscal and institutional frameworks. Armenia has made … significant strides in enhancing macroeconomic stability over the past two decades. Although Armenia's public debt remains …
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Georgia has emerged from its second lockdown that was imposed in November 2020 following a sharp increase in COVID-19 cases. Vaccinations commenced in March 2021 and the country is now entering a critical stage in overcoming the pandemic. The lockdowns drove a contraction of around 6.2 percent...
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This Technical Assistance Report discusses the recommendations made by the IMF mission to assist Georgian authorities in enhancing country's fiscal rules framework. It is recommended that the fiscal rules should consider both the overall objectives and the economic context in which they are...
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Georgia has taken important steps to enhance its fiscal transparency practices over the past decade. Fiscal reports have become more comprehensive, with the development of a central government balance sheet and income statement. Fiscal forecasts and budgets have become more forward looking and...
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