01766cas a2200241 a 4500 AALejournalIMF003917 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451801606 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Republic of Armenia : First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (81 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The staff report for the First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility on the Republic of Armenia highlights economic developments and the macroeconomic framework. Armenia's economy continues to perform strongly. Prudent fiscal and monetary policies, strong external inflows, and ongoing structural reforms have contributed to double-digit growth, low inflation, and declining poverty. Armenia's economic outlook is favorable, although not without risks. The main policy challenge is how to deal with large remittance inflows when government deposits are large and social and infrastructure needs remain pressing. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2005/422 Full text available on IMF http://elibrary.imf.org/view/journals/002/2005/422/002.2005.issue-422-en.xml IMF e-Library