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IMF completes third review under stand-by arrangement for Armenia and approves $73.6 million disbursement

30.03.2010 12:38

IMF completes third review under stand-by arrangement for Armenia and approves $73.6 million disbursement

YEREVAN, March 30, /ARKA/. The Executive Board of the International Monetary Fund (IMF) completed March 29 the third review of Armenia’s economic performance under a program supported by a Stand-By Arrangement (SBA), a press release by IMF said.

It said the decision enables the immediate release of an amount equivalent to SDR 48.485 million (about US$73.6 million), bringing total disbursements so far an amount equivalent to SDR 350.425 million (about US$532.2 million).

They Executive Board also approved a request for a waiver of nonobservance of the end-December 2009 quantitative performance criterion on the net domestic assets of the Central Bank of Armenia (CBA).

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