ArmInfo. In Armenia, the specific debt burden per capita continues to grow, reaching $ 3.1 thousand on October 1, 2021, against $ 2.7 thousand a year earlier. Moreover, per  capita debt burden from external debt increased from $ 2 thousand to  $ 2.3 thousand. This is due to the continuing annual growth of both  the public debt in general and external debt, in particular, with the  annual decrease in the population of Armenia by 1.1 thousand people.  - down to 2.967 million people by October 1, 2021.

ArmInfo. Armenia's gross international reserves (GIS) in September 2021 compared to September 2020 increased by 30.3% or by $ 742.4 million (versus 1.7% growth a  year earlier), amounting to $ 3.192 billion.

ArmInfo. Deputy Prime Minister of Armenia Mher Grigoryan held a video call with the Director of the International Monetary Fund's Middle East and Central Asia Department  Jihad Azour  within the framework of the annual meetings of the  International Monetary Fund (IMF) and the World Bank (WB). Governor  of the Central Bank of Armenia Martin Galstyan and Minister of  Finance Tigran Khachatryan also took part in the video meeting from  the Armenian side.

ArmInfo. By December 31, 2021, Armenia's public debt will amount to 4.509 billion drams (about $ 9.135 billion) or 64.1% of GDP, and by the end of 2022 the figure  will reach 5.029 billion drams (about $ 10.188 billion) or 63.9% of  GDP.

ArmInfo. The World Bank improved its forecast for GDP growth in Armenia for 2021 from the previous 3.4% to the updated 6.1%, suggesting, as the economy enters the phase of economic recovery, gradually abandon government support measures  and focus on creating a competitive business environment that is a  key aspect for sustainable recovery, resilience to future crises and  long-term economic growth.

ArmInfo. The Central Bank of Armenia further improved the forecast for GDP growth for 2021 - to 5.4% (from the previous 4.6%), with a slowdown in 2022 to 2.4% and  after accelerating in 2023 to 4.1%. This is stated in the Central  Bank's Monetary Policy Program for Q3 2021, published at the end of  September.

ArmInfo.Armenia's GDP at purchasing power parity increased 1.5- fold from USD 29 billion in 2014 to USD 42 billion in 2019. This was announced by the Assistant  to the chairman of the Eurasian Economic Commission (EEC) Iya Malkina  at a briefing on September 29.

ArmInfo. Fitch Ratings has affirmed Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook. This is stated in the Fitch  report, which provides revised forecast for Armenia's GDP growth for  2021 towards growth. 

ArmInfo.The EEC Department of Macroeconomic Policy has improved the forecast for GDP growth of the Eurasian Economic Union (EAEU). This was announced  during a briefing on September 22 by Iya Malkina, Assistant to the  Chairman of the Eurasian Economic Commission (EEC).  According to  her, in 2021, GDP is expected to grow by 4.1% in the EAEU, after  reducing by 2.9% in 2020. Earlier, the Department forecasted the  growth of the EAEU GDP by 3.8%.

ArmInfo. The accelerated growth of non-performing loans (NPL) continues in the banking system of Armenia, pushing profit, and thereby depriving capital buffers of  the opportunity to replenish.

ArmInfo.The International Monetary Fund (IMF) sharply improved its forecast for GDP growth in Armenia for 2021 to 6.5% from the previous 1%, but warns that the IMF  sharply improved forecast for GDP growth in Armenia for 2021 to 6.5%,  but warns: "Downside risks remain elevated". 

ArmInfo. A day earlier, the Central Bank of Armenia improved its forecast for the country's economic growth from 4.6% to 5.4%. However, according to the Minister  of Economy of Armenia Vahan Kerobyan, such an assessment of the  Regulator is rather pessimistic. He stated this during a briefing on  September 16.

ArmInfo. The Central Bank of Armenia raised its forecast for Armenia's economic growth for 2021 to 5.4% from the previously expected 4.6%. Governor of the Central  Bank of the Republic of Armenia Martin Galstyan stated this at a  press conference on September 14.  According to the head of the  Central Bank, the main sectors that will contribute to the  acceleration of the country's economic growth will be agriculture and  the service sector.

ArmInfo.Armenia's foreign trade turnover in January-July 2021 amounted to $ 4.3 billion, with an improvement in y-o-y dynamics to 15.1% growth (from an 11.3%  decline a year earlier).

ArmInfo. In Armenia, economic activity in January-July 2021 increased by 5.3% per annum (against a 5.7% decline a year earlier), accompanied by an accelerated growth in  exports and imports. In July of this year by July 2020, economic  activity increased by 6.2% (against a decline of 10.2% a year  earlier), while in July 2021 alone it slowed down to 7.5% from June  12%, which was also observed in July 2020 - to 9.4% from 14.8% in  June.

ArmInfo. Armenia's gross international reserves increased over 7 months of 2021 by 17.7% or by $ 463.1 million, amounting to $ 3.079 billion, as evidenced by the  data of the Central Bank of Armenia. Of these, the lion's share - $  3.073 billion - falls on foreign assets in hard currency, and the  share of SDR in the IMF amounted to $ 5.2 million. According to the  regulator's report, for 7 months of this year foreign assets in hard  currency increased by 17.9%, while the share of SDR in the IMF  decreased by 42.1%.

ArmInfo. Over the year,  Armenia has improved its positions by 2 points in the  Index of  Economic Freedom moving from 34th to 32nd place (against 47th in  2019). Index of Economic Freedom is an annual guide published by The  Heritage Foundation, Washington's No. 1 think tank.

ArmInfo. Economic activity in  Armenia in January-July 2021, increased by 5.2% per annum (against a  5.7% decline a year earlier), accompanied by an accelerated growth in  exports and imports. In July of this year, by July 2020, economic  activity increased by 5.8% (against a decline of 10.2% a year  earlier), while in July 2021 alone it slowed down growth to 7.4% from  June 12%, which was also observed in July 2020 - to 9.4% from 14.8%  in June.

ArmInfo. The largest allocation by International Monetary Fund of Special Drawing Rights (SDRs) in history-about US$650 billion-comes into effect today. Ms.  Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) made the following statement, according to the IMF website.

ArmInfo. A meeting with the newly appointed regional representative of the International Monetary Fund (IMF) Mehdi Raissi was held at the Ministry of Economy of  Armenia.