01788cas a2200241 a 4500 AALejournalIMF013801 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484386354 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Republic of Armenia : Sixth Reviews Under the Extended Fund Facility Arrangement and the Extended Credit Facility Arrangement. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (63 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 This paper discusses the Republic of Armenia's Sixth reviews under the Extended Fund Facility Arrangement, and the Extended Credit Facility Arrangement. The Central Bank of Armenia has kept the policy rate at 8 percent since 2011, and has narrowed the corridor around the policy rate from 600 to 300 basis points while strengthening fine-tuning operations. Interbank interest rates have become less volatile. External adjustment slowed considerably in 2012, and external vulnerabilities persist. The current account deficit improved by just 0.3 percentage points of GDP as exports, and remittances grew at a healthy pace, as did imports. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/238 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/238/002.2013.issue-238-en.xml IMF e-Library