Abstract
The background and context of the study leads one to suggest the following structure for this paper. Section 1 briefly highlights the labour market and employment challenges facing Armenia within the milieu of recent growth performance and structural change. Poverty trends will be highlighted and their links to labour market status will be noted. A critical review will be offered of the ‘old’ growth model that prevailed in the pre-crisis period and why that is no longer deemed to be effective. Section 2 will revisit the 2025 vision of the government and note the key employment related targets and policy actions proposed by the government. This will in turn entail a brief assessment of the extent to which progress has been made in relation to the proposed targets. Section three will suggest that the Armenian government cannot expect a great deal out of the current EFF. In particular, the government might wish to review a macroeconomic framework that is beholden to fiscal rules with their primacy on attaining fiscal consolidation rather than growth, employment and poverty reduction.