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IMF estimates Armenia’s informal economy at 36% of GDP

07.02.2018 16:59

IMF estimates Armenia’s informal economy at 36% of GDP

YEREVAN, February 7, /ARKA/. A recent study by the International Monetary Fund (IMF) titled, 'Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?’ estimates Armenia’s informal (shadow) economy at 36% of its overall GDP.

According to the study, the average share of Armenia’s informal economy in 1991-2015 was 42.59% of GDP, falling to 35.96% in 2015. The share of the informal economy began to slowly decline from 2011 to below 40%.

Of the regional countries, the lowest informal economy is boasted by Iran (18.38%). In Turkey, it is 27.43% of GDP, in Azerbaijan - 43.66% and in Georgia - 53.07%.

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Armenian central bank head off to Washington for IMF and WB meeting

12.10.2017 17:33

Armenian central bank head off to Washington for IMF and WB meeting

The chairman of the Central Bank of Armenia Artur Javadyan has left for Washington, USA, to participate in the annual meeting of the Directors of the International Monetary Fund and the World Bank, the press service of the Armenian Central Bank reported

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Armenian justice minister and IMF official discuss anti-corruption program

20.09.2017 09:53

Armenian justice minister and IMF official discuss anti-corruption program

Armenia’s justice minister David Harutyunyan received today a delegation led by the head of the Armenian Mission of the International Monetary Fund (IMF) Hossein Samiye, the press service of the ministry reported

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IMF to provide Armenia with $21.6 million loan tranche

28.06.2017 09:22

IMF to provide Armenia with $21.6 million loan tranche

On June 23 the Executive Board of the International Monetary Fund (IMF) completed the fifth and final review of Armenia’s economic performance under a three-year arrangement under the Extended Fund Facility (EFF)

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Armenia’s external reserves up 2 percent in one month to $1.982.2 billion

19.06.2017 21:49

Armenia’s external reserves up 2 percent in one month to $1.982.2 billion

Armenia’s external reserves in May 2017 amounted to $1.982.2 billion, having increased by 2% or $42.7 million from the previous month

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Central bank issues commemorative coin dedicated to 25th anniversary of Armenia’s membership in WB and IMF

15.05.2017 17:14

Central bank issues commemorative coin dedicated to 25th anniversary of Armenia’s membership in WB and IMF

The Central Bank of Armenia issued a commemorative coin dedicated to the 25th anniversary of the country’s membership in the World Bank and the International Monetary Fund

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Armenia would like to start new program with IMF - minister

04.05.2017 19:12

Armenia would like to start new program with IMF - minister

The government of Armenia would like to launch a new program of cooperation with the International Monetary Fund (IMF), Armenian finance minister Vardan Aramyan told reporters on Thursday, when commenting on the completion of the “Extended Fund Facility” program

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Armenia’s finance minister took part in the spring meeting of IMF and World Bank in Washington

24.04.2017 17:35

Armenia’s finance minister took part in the spring meeting of IMF and World Bank in Washington

Armenia’s finance minister Vardan Aramyan took part in the spring meeting of the IMF and the World Bank in Washington, USA, the Armenian ministry said

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IMF to provide Armenia with $21 million under EFF

09.12.2016 16:54

IMF to provide Armenia with $21 million under EFF

The Executive Board of the International Monetary Fund (IMF) said it completed December 7 the fourth review of Armenia’s performance under a three-year arrangement under the Extended Fund Facility (EFF).

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Central bank head off to Washington for IMF and WB meeting

06.10.2016 18:48

Central bank head off to Washington for IMF and WB meeting

The chairman of the Central Bank of Armenia Artur Javadyan has left for Washington today to attend the annual meeting of the International Monetary Fund (IMF) and the Boards of Directors of the World Bank Group

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