YEREVAN, December 20, /ARKA/. The Executive Board of the International Monetary Fund (IMF) concluded last Friday the 2021 Article IV consultation and completed the fourth and fifth reviews of Armenia’s performance under its economic program supported by the SBA. 

The IMF said the completion of these reviews will allow the authorities to draw SDR 51.43 million (about US$ 72 million), bringing total disbursements to SDR 283.09 million (about US$ 396 million). Armenia’s three-year SBA of SDR 308.8 million (about US$ 432 million), equivalent to 239.75 percent of Armenia’s quota in the IMF, was approved by the IMF’s Board on May 17, 2019 and augmented on May 18, 2020

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Armenia’s Central Bank has revised upward its long-term (over three years) economic growth outlook, Vahagn Grigoryan, head of the monetary policy department of the Central Bank, told reporters on Tuesday

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Armenia’s Central Bank has revised upward its forecast of economic growth for 2019. It said economic activity is high in the third quarter of 2019 and that this trend will also continue in the short term, as a result of which the projected GDP growth for 2019 has been revised upwards to 6.9%

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The Central Bank of Armenia forecasts a 4.6 to 6.1 percent economic growth in the country in 2019, Arthur Javadyan, the head of the regulator, said Monday at the discussion of its activity annual report in the National Assembly

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In the Banking System Outlook for Armenia, Moody’s Investors Service said its positive outlook for Armenian’s banking system is driven by robust economic growth which leads to asset quality improvements

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Armenia’s economic growth of about 6% this year is within the expected band and is quite positive, the ex-head of the Central Bank Bagrat Asatryan told reporters today

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Armenia’s Central Bank has revised downward its forecast of economic growth for 2018 to 4.6%-5.1% from its previous projection of 5.6%-6.9%

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Armenia’s economic growth will continue to slow down, but will remain at a rather high level of 5.9% at the end of the year, according to the latest macroeconomic review, prepared by the Eurasian Development Bank (EDB)

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The Asian Development Bank forecasts a moderate four-percent economic growth in 2018 to Armenia.
In its Asian Development Outlook 2018 “How Technology Affects Jobs”, the ADB says that GDP growth will stand at 4.2%

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In 2017, the economies of the Eurasian Development Bank member countries adapted themselves to adverse outside impacts and took the road of a steady economic growth, the Eurasian Development Bank analysts say in the latest issue of their quarterly review

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