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Growth and poverty reduction in Armenia : achievements and challenges / Enrique Gelbard ... [et al.]
Washington, D.C. : International Monetary Fund, c2005
book jacket
Location Call Number Status
 Armenian Research Center  HC415.17 .G76    CALL 593-5181
Subject Armenia -- Economic conditions -- 1991-
Armenia -- Economic conditions -- 1991- -- Statistics
Armenia -- Economic policy -- 1991-
Subject(s) Poverty -- Armenia
Physical Description x, 101 p. : ill., map ; 28 cm
Note ACCESS: May only be used at the Armenian Research Center ; please call 313 593-5181 for Center hours
Includes bibliographical references
Contents Armenia after a decade of reform -- Growth and poverty reduction -- Fiscal adjustment -- The financial system and growth -- International integration
Summary "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
Series Armenian Research Center collection
Alternate Author Gelbard, E. (Enrique)
International Monetary Fund

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