Author

Publication

2005-11-01 - International Monetary Fund

Language

English

Word Count

25,250 words, Guess

Page Count

101 pages

Physical Format

Paperback

Identifiers

and 1 more

Classifications

  • LCCHC415.17 .G75 2005

Description

"Since 2000, Armenia's economic performance has been remarkable. Real economic growth has averaged 11 percent per year, annual inflation has averaged 3 percent, and poverty and inequality have fallen. The country has outperformed other low-income countries including other members of the Commonwealth of Independent States . This outcome is particularly impressive given the geographical location of Armenia, the closure of two critical borders, and occasional political turmoil. The key factors behind Armenia's economic performance are prudent monetary and fiscal policies, liberal trade and foreign exchange regimes, rapid and relatively well-sequenced structural reforms, and support from the Armenian diaspora. In addition, the implementation of a poverty reduction strategy since 2002 has complemented the effect of economic growth on reducing poverty. This book assesses the country's economic transformation during the last 10 years and discusses the challenges to sustaining these successes."--Publisher's description.

Subjects

Other Editions

  • Growth And Poverty Reduction in Armenia: Achievements And ChallengesPaperbackInternational Monetary Fund2005-11-01

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