ArmInfo.On July 26, RA Minister of Finance Vahe Hovhannisyan received Dr. Mehdi Raissi, the  International Monetary Fund  (IMF) Resident Representative in Armenia  in connection with the completion of his mission in Armenia and Mr.  Umang Rawat, who replaced him at this post. Deputy Ministers of  Finance also attended the meeting.

ArmInfo. By June 2023, Armenia's gross international reserves (GIR) accelerated y-o-y growth from 4.7% to 19%, increasing in absolute terms by $597.4 million and reaching $3.749 billion, thereby approaching the historical maximum of $4.112 billion recorded at the end of 2022.  About this evidenced by the data of the Central Bank of the Republic of Armenia, according to which in May of this year alone, GIR increased by 3.1% (or by $112 million), while in Jan-May it decreased by 8.8% (or by $363.1 million).

ArmInfo. According to a revised  forecast by the Central Bank of Armenia (CBA), 6.9% GDP growth is  expected this year against the previously forecast 5.8% (against the  actual 12.6% growth in 2022), with a further slowdown to 5.5% in  2024. 

ArmInfo.The IMF Executive Board completed the first review under the Stand-By Arrangement (SBA) with  Armenia, providing the country with access to about US$24.5 million.

ArmInfo.The Capacity Development Centre of the International Monetary Fund (IMF) for the  countries of the Caucasus, Central Asia and Mongolia was opened in Kazakhstan. Chairman of the Kazakh National Bank Galymzhan Pirmatov and the IMF delegation led by IMF Managing Director Kristalina  Georgieva attended the solemn opening ceremony of the Centre on June 9 in Almaty. This is stated in the message of the National Bank of the Republic of Kazakhstan.

ArmInfo. The World Bank has improved its forecast for GDP growth in Armenia for 2023 from the  previous 4.1% to the updated 4.4% (against the actual 12.6% growth in 2022), expecting an acceleration in 2024 to 4.8% and up to 5%. in 2025). This is noted in the WB's Flagship Report on Global Economic Prospects for June 2023.

ArmInfo.The increase of the share of domestic debt in the total government debt up to 47% in Armenia by  May 2023 can be considered from two aspects - both as an achievement by Armenia's economic authorities and their "involuntary" torpedoing economic progress, Armenia's former minister of finance, international expert Vardan Aramyan said in an interview with ArmInfo. 

ArmInfo. The European Bank for Reconstruction and Developmemnt (EBRD) has improved the GDP growth  forecast from 4% to 5%, with the same GDP growth rate expected in 2024 (against the previously forecast 4.8%), according to the EBRD Regional Economic Prospects in the EBRD Regions. High inflation weighs on purchasing power of households."

ArmInfo.Speaking at the presentation of the International Monetary Fund (IMF) report  "Ensuring Macroeconomic Stability in the Caucasus and Central Asia in  the Conditions of Ongoing Uncertainty" in Astana, Deputy Governor at  Central Bank of Armenia Armen Nurbenkyan mentioned three key factors  ensuring the growth of Armenia's economy last year.

ArmInfo. Armenia's gross international reserves decreased by 9.4% in Q1 2023 (against a 10% decline in Q1 2022) or by $387.4 million, amounting to $3.724 billion  (against a historical maximum of $4.112 billion in December 2022).  This is evidenced by the data of the Central Bank of the Republic of  Armenia.

ArmInfo.About $24.8 million of the stand-by loan will become available to Armenia after the meeting of the Board of the International Monetary Fund (IMF) in mid- June  this year. This is noted in the message of the IMF. 

ArmInfo.The International Monetary Fund (IMF) has improved its 2023 forecast for Armenia's GDP growth from the previous 4.5% to an updated 5.5% (against the actual  12.6% growth in 2022). The Fund also revised its expectations for inflation to 5.5% instead of the previously indicated 6% (from inflationary 8.3% for 2022).

ArmInfo.

ArmInfo.Armenia's gross international reserves (GIR) are decreasing from the historical high - from $4.112 billion in December 2022 to $3.545 billion in February  2023. In particular, in January-February gross international reserves  decreased by 13.8% or by $567 million, which was observed at a more  restrained pace a year earlier - a decline by 6.7% or by $217.2  million.

ArmInfo. Deputy Prime Minister of the Republic of Armenia Mher Grigoryan will take part in the s the International Monetary Fund (IMF) and World Bank Group (WBG) Spring Meetings  from April 7 to April 15, 2023 in Washington.  According to the official website of the government, the corresponding decision was signed by Prime Minister Nikol Pashinyan.

ArmInfo. Deputy Prime Minister of Armenia Tigran Khachatryan had a working meeting on March 17 with  Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia, and IMF Resident Representative for Armenia Mehdi Raissii.

ArmInfo.Armenia's Premier Nikol Pashinyan hosted a delegation of the International Monetary Fund (IMF) headed by Iva  Petrova. 

ArmInfo.Head of the State Revenue Committee of Armenia Rustam Badasyan spoke about the approximate  scale of the shadow economy of the Republic of Armenia.

ArmInfo. Armenia's gross international reserves (GIR) fell from a historic high of $4.112 billion in December 2022 to $3.689 billion in January 2023. In particular, gross international reserves decreased in January by 10.3% or by $422.6 million (after December's 17% growth or by $594  million). At the same time, the y-o-y dynamics remained in growth, but with a noticeable slowdown in rates from 31% to 18%, i.e. in  absolute terms, last year's growth by $738 million has narrowed this year to $551 million. This is evidenced by the data of the Central  Bank of the Republic of Armenia.

ArmInfo. According to the Fitch Ratings forecast for 2023, Armenia's public debt will decrease to 47.3% of GDP, and external debt - to 38.1% of GDP, while economic growth slows down to 6.1%. The agency also expects that in 2023 inflation in Armenia will be 6.5%, GDP per capita - $7472, the state budget deficit - 2.5% of GDP, and the current account deficit (including FDI) will remain at 1.2 % of GDP. This is noted in the February Fitch rating report on the capital of Armenia - Yerevan.