Republic of Armenia : Request for Stand-By Arrangement-Staff Report; Staff Supplements and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Armenia

This paper discusses Armenia's request for a Stand-By Arrangement (SBA) with exceptional access of 400 percent of quota. Given the urgency of the situation, the request is being considered under the Emergency Financing Mechanism. The new program aims to achieve the necessary external adjustment...

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Bibliographic Details

Corporate Author:	International Monetary Fund
Format:	Book
Language:	English
Published:	Washington, D.C. : International Monetary Fund, 2009
Series:	IMF Staff Country Reports ; Country Report No. 09/140 IMF Staff Country Reports; Country Report ; No. 2009/140 IMF eLibrary
Subjects:	Announcements Average exchange rate Balance of payments need Balance of payments Bilateral donors Central bank Credit tranche Currency debt Currency depreciation Currency sales Currency swaps Current account balance Current account deficit Current account Debt management Debt market Debt obligations Debt ratios Debt relief Debt service Debt stock Debt sustainability analysis Debt sustainability Debt-service obligations Domestic borrowing Domestic currency Domestic debt Domestic financing Economic growth Economic indicators Effective exchange rate Equilibrium exchange rate Exchange earnings Exchange rate depreciation Exchange rate flexibility Exchange rate misalignment Exchange rate policies Exchange rate policy Exchange rate regime Exchange rate risk Exchange rate Exchange rates Exchange reserves Exchange swaps External borrowing External debt obligations External debt service External debt stock External debt External financing External payment External shocks Fiscal reforms Fixed exchange rate policy Fixed exchange rate Flexible exchange rate policy Flexible exchange rate regime Flexible exchange rate Floating exchange rate Foreign currency debt Foreign exchange earnings Foreign exchange market Foreign exchange reserves Foreign exchange swaps Foreign exchange Foreign investment Government debt Imf repurchases Liquidity crisis Liquidity management Loan disbursements Low debt Nominal effective exchange rate Payment arrears Prevailing exchange rate Public debt Public finance Public finances Real effective exchange rate Real exchange rate misalignment Real exchange rate Repayments Repurchases Reserve accumulation Risk management Short-term debt Staff Reports Stand-by arrangement requests Tax administration Total debt stock Banking Banks and Banking Banks and banking Banks Commercial banks Currencies Currency Debt Management Debt Debts, External Debts, Public Depository Institutions Exports and Imports Financial institutions Foreign Exchange Government and the Monetary System International Lending and Debt Problems International economics Micro Finance Institutions Monetary Policy Monetary Systems Monetary economics Money and Monetary Policy Money Mortgages Payment Systems Public Finance Public finance & taxation Regimes Sovereign Debt Standards Armenia Armenia, Republic of
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