02059cas a2200241 a 4500 AALejournalIMF016137 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513524689 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Armenia : First Review under the Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Armenia. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (73 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 highlights Republic of Armenia's First Review Under the Stand-By-Arrangement. Armenia's economic performance is strong with healthy growth, low inflation, a stable financial system, with increasing foreign reserves and higher revenues. Despite fiscal overperformance, it is key to maintain the reform momentum to strengthen revenue mobilization, including by completing reforms to property taxation. Implementation of the authorities' reform agenda including efforts to improve governance by establishing a holistic anti-corruption framework, will bolster sustainable and inclusive growth. The monetary policy framework's focus on price stability has served Armenia well. The authorities' implementation of Basel III measures will raise the resilience of the financial system, while their plans to develop the capital market and improve access to finance are also welcome. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/397 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/397/002.2019.issue-397-en.xml IMF e-Library