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Armenia Public Finance Review - Enhancing Fiscal Policy Efficiency (英语)

Armenia has made significant progress in its development journey by improving its ability to withstand shocks and becoming an upper-middle-income country in 2018. Armenia’s GDP per capita more than doubled between 2017 and 2023, to USD 8,053 (current prices) despite several shocks including the COVID-19 pandemic and the military conflict with Azerbaijan in 2020. During this period, the government also implemented mitigation measures that helped contain...
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