Despite the challenges in 2020, Armenia was able to successfully carry out agricultural exports, and even exported 3000 tons more fruits and vegetables than in 2019, according to the Deputy Minister of Economy Arman Khojoyan. Khojoyan said that over 145,500 tons of fresh fruits and vegetables were exported from Armenia in 2020, the year which saw the COVID-19 pandemic and the second Nagorno-Karabakh War. Khojoyan says they had to work very...

In Armenia, economic activity in January-November  2020 deepened the decline to 7.2% per annum, against the backdrop of an accelerating decline in imports  and a slowdown in exports. In November of this year versus November 2019, economic activity decreased  by 10.3%, with an almost similar 10.2% decline in November 2020 alone, after an October decline of 4.9%.  A year earlier, in January-November 2019, against the same...

The Executive Board of the International Monetary Fund (IMF) completed the third review of the Republic of Armenia’s performance under the program supported by the Stand-By Arrangement (SBA). The completion of the review will allow the authorities to draw SDR 25.714 million (about US$37 million), bringing total disbursements to SDR 231.7 million (about US$ 332 million), the IMF said in a statement. “Monetary policy...