ArmInfo. The IMF will continue to promote the development of the Armenian economy through the implementation of programs.  International Monetary Fund (IMF)  mission head in Armenia Iva Petrova stated this during a working  meeting with the Minister of Economy of Armenia Vahan Kerobyan, on  September 30.

ArmInfo.Chairman of State Revenue Committee Rustam Badasyan received IMF Mission Chief for Armenia Iva Petrova. IMF Resident Representative for Armenia Mehdi  Raissii and international experts participated in the meeting as part  of the IMF delegation.

ArmInfo.Armenia will close this year with an economic growth of 11%-12% against the budgeted 7%, Armenia's Minister of Finance Tigran Khachatryan stated on Thursday  as he presented the 2023 draft budget. 

ArmInfo. The Central Bank of Armenia forecasts a slowdown in GDP growth in 2022-2023 from 12.9% to 4.4%, and a decrease in inflation from 10.3% to the target 4%.  This  is noted in the Monetary Policy Program (MPP) of the Central Bank for  the third quarter of 2022, published at the end of September.

ArmInfo.The European Bank for Reconstruction and Development (EBRD) has improved its 2022 GDP growth forecast for Armenia from the previous 4.5% to an updated 8%,  thereby expecting more sustainable growth.

ArmInfo. The Central Bank of Armenia significantly improved its forecast for the growth of Armenia's GDP for 2022 - from the previous 4.9% to the updated 12.9%.   Chairman of the Central Bank of the Republic of Armenia Martin  Galstyan stated on September 13 at a press conference convened to  raise the refinancing rate from 9.5% to 10%, said the.

ArmInfo. Fitch Ratings has affirmed Armenia's Long-Term Foreign- Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook.  A full list of rating actions  is at the end of this rating action commentary. This was reported on  the Fitch Ratings website.

ArmInfo.An increase in economic activity up to 13.1% (5.2% last year) in Armenia this January-July, was accompanied by an upward trend in exports and imports. This July  against July 2021, 19.4% economic activity was recorded (5.8% in the  corresponding period last year), with 8.5% growth recorded this July  against 17% this June, similarly to last July (7.4% against 12% last  June). 

ArmInfo.As of July 1, 2022, the per capita debt reached $3,400 against $3,000 last year, with per capita foreign debt being $2,200 against $2,300, and per capita  internal debt $1,200 against $740. Armenia's population was 2.962mln  (2,700 fewer that last year). 

ArmInfo.Armenia's gross international reserves increased by 6.8% in H1  2022 (against 19% growth a year earlier) or by $220.7 million, reaching a historic  maximum of $3.451 billion, according to the data of the Central Bank  of the Republic of Armenia.  

ArmInfo.Armenia's economic growth depends on demand, is a fact, and it is dangerous. This opinion was expressed by former Minister of Finance of Armenia, international  consultant on public finance Vardan Aramyan, on his Facebook page,  commenting on the July report of the International Monetary Fund  (IMF) on the prospects for the development of the world economy.

ArmInfo.This January-June, Armenia's national debt increased by $706.2mln or 7.7% and reached $9, 931.8mln. Armenia's national debt in AMD terms decreased by AMD  374.3bln or 8.5%, amounting to AMD 4,055.3bln, mainly due to AMD  appreciation against thee USD. 

ArmInfo.At the end of 2022, Armenia will ensure the GDP growth rate of 7%, which is included in the state budget. Armenian Finance Minister Tigran Khachatryan made a  similar forecast on June 30 at a government meeting.

ArmInfo.The International Monetary Fund (IMF) has improved its GDP growth forecast for Armenia for 2022 from the previous 1.5% to an updated 5%. This is evidenced  by the Fund's press release received by ArmInfo. The current revised  forecast is presented following the visit of an International  Monetary Fund (IMF) team, led by Iva Petrova to Armenia during June  20-24, 2022. 

ArmInfo.In Armenia, the growth of economic activity accelerated in January-May 2022 to 10.2% per annum (from 4.3% a year earlier), which is accompanied by high growth rates  of exports and imports. In May of this year, by May 2021, economic  activity accelerated growth to 13% (from 10.9% a year earlier), while  increasing by 6.1% in May 2022 (against 2% growth in May 2021 and  5.3% growth in April 2022).

ArmInfo.Armenia can achieve economic growth of  7-9% in 2022. Well-known Armenian economist, former Minister of  Finance of Armenia David Sargsyan, expressed this opinion on his  Facebook page.

ArmInfo. This January-May, Armenia's national debt increased by nearly $355mln and reached $9,580.5mln. By 2025, Armenia will have to spend up to $1.4bln to  cover and serve the government debt accumulated by May 31, 2022, (the  debt of the Central Bank of Armenia [CBA] not included). In 2029,  this amount is expected to reach $3.1bln and in 2031, nearly $1.5bln.

ArmInfo.The gross international reserves of Armenia decreased in January-May 2022 by 2.4% or by $78.7 million, amounting to $3.151 billion, according to the data of the  Central Bank of the Republic of Armenia.

ArmInfo.In Armenia, economic activity in January-April 2022 increased by 9.4% per annum, against the backdrop of growth in exports and imports by 25.2% and 39.1%,  respectively, which was observed at a relatively restrained pace in  the same period a year ago - growth economic activity by 2.6% was  accompanied by an increase in exports and imports by 16.7% and 2.2%,  respectively.

ArmInfo.Armenia's gross international reserves in January-April 2022 decreased by 5% or $ 161.5 million to $ 3.068 billion, according to the Central Bank of  Armenia.Of these, the lion's share - $3.017 billion falls on external  assets in hard currency, and the share of SDRs in the IMF amounted to  $49.8 million. According to the report of the regulator, for  January-April of this year, foreign assets in hard currency decreased  by 5.6%, while the share of SDRs in the IMF increased by 51.5%.