The International Monetary Fund (IMF) forecasts 5.5% economic growth and year-end inflation of 4.8% for Armenia in 2026, while emphasizing the importance of maintaining financial stability.
Economic growth is expected to remain around 5% over the medium term, although geopolitical developments continue to pose significant risks, according to the Central Bank of Armenia.
The IMF and Armenian authorities have reached a staff-level agreement on the second review of Armenia’s Stand-By Arrangement (SBA) and on policies to be implemented under the Resilience and Sustainability Facility (RSF).
Following approval of the second SBA review, Armenia will gain access to additional financing of 18.4 million Special Drawing Rights (SDRs), equivalent to approximately $25 million. This will bring the total financing available under the arrangement to 55.2 million SDRs, or approximately $75 million.
If the Resilience and Sustainability Facility is approved, Armenia will also be eligible for financing of up to 193.2 million SDRs, equivalent to approximately $262 million, over the next two years. Access to these funds will depend on the successful completion of four reviews предусмотрed under the program.
The Stand-By Arrangement is expected to continue supporting Armenia’s macroeconomic stability and structural reforms, while the Resilience and Sustainability Facility will help strengthen the country’s resilience to climate change and natural disasters.
