05.12.2014 18:44
YEREVAN, December 5. / ARKA /. IMF Resident Representative in Armenia Teresa Daban Sanchez has confirmed today the installment of the second tranche under the Extended Fund Facility (EFF).
IMF’s two tranches to Armenia under the EFF amount to a total of 23.48 million SDR. The first tranche worth $17 million was provided in March 2014, and all the performance targets were achieved in the first half of the year, according to Mark Horton, head of IMF Armenia mission that visited Armenia on September 17-30.
The second tranche worth $17 million under an EFF arrangement is expected in December 2014.
Speaking at a news conference today Ms. Sanchez said everything was actually ready for the disbursement of the second tranche.
On March 7, the IMF Executive Board approved the agreement with Armenia about 82.21 million SDR ($127.6mln or 89.4% of Armenia’s quota) under a 38-month EFF program. –0—
Read the news first and discuss them in our Telegram
Tags:
2021-11-18 13:22:09 About $72.5 million (SDR 51.429 million) would become available to Armenia after IMF Board meeting
2020-12-14 19:27:47 IMF: Armenia’s Central Bank should stand ready to adjust its monetary policy stance
2020-11-20 19:17:18 IMF says SDR 25.714 million (around US$36.7 million) will become available for Armenian budget support after Board meeting2020-06-24 17:16:01 Armenian parliament is considering ratification of $315 million loan agreement with IMF
2020-04-10 13:58:11 IMF to consider initiative on increase IMF financial support for Armenia under stand-by agreement to $280 million
