02078cas a2200241 a 4500 AALejournalIMF013020 230101c9999 xx r poo 0 0eng d 15.00 USD 9781589064515 BD-DhAAL BD-DhAAL Beddies, Christian. Growth and Poverty Reduction in Armenia : Achievements and Challenges / Christian Beddies, Enrique Gelbard, James McHugh, Laure Redifer. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (112 pages) <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 Since 2000, Armenia's economic performance has been remarkable. Real economic growth has averaged 11 percent a year, annual inflation has averaged 3 percent, and poverty and inequality have fallen. The country has outperformed other low-income countries including other members of the Commonwealth of Independent States. This is particularly impressive given the geographical location of Armenia, the closure of two critical borders, and occasional political turmoil. The key factors behind Armenia's economic performance are prudent monetary and fiscal policies, liberal trade and foreign exchange regimes, rapid and relaively well-sequenced structural reforms, and support from the Armenian diaspora. In addition, the implementation of a poverty reduction strategy since 2002 has complemented the effect of economic growth on reducing poverty. This book assesses the country's economic transformation during the last 10 years and discusses the challenges to sustaining these successes. Mode of access: Internet Gelbard, Enrique. McHugh, James. Redifer, Laure. Full text available on IMF http://elibrary.imf.org/view/books/058/02948-9781589064515-en/02948-9781589064515-en-book.xml IMF e-Library