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Armenian parliament is considering ratification of $315 million loan agreement with IMF

24.06.2020 17:16

Armenian parliament is considering ratification of $315 million loan agreement with IMF

YEREVAN, June 24. /ARKA/. An emergency session of the Armenian parliament discussed today ratification of an agreement with the IMF regarding the use of the $280 million loan, allocated to Armenia in May 2019, and attraction of an additional loan in the amount of $35 million. The money is to help Armenia fight the coronavirus outbreak and mitigate its economic consequences.

Deputy Minister of Finance Armen Hayrapetyan said the coronavirus pandemic has been affecting Armenian government's revenue collection rate. To mitigate the pandemic's consequences the government decided to allocate 150 billion drams ($315 million) to finance a wide range of coronavirus-related compensatory measures, including cash payments to a large part of the population, financial assistance to businesses and loan subsidies for farmers.

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IMF to provide Armenia with $280 million loan

15.04.2020 19:38

IMF to provide Armenia with $280 million loan

The International Monetary Fund (IMF) said last week that around $280 million will be available in financial assistance for Armenia immediately after its Board meeting, Deputy Economy Minister Avag Avanesyan told a news conference today

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IMF to consider initiative on increase IMF financial support for Armenia under stand-by agreement to $280 million

10.04.2020 13:58

IMF to consider initiative on increase IMF financial support for Armenia under stand-by agreement to $280 million

An International Monetary Fund (IMF) team led by Nathan Porter conducted discussions on the second review of Armenia’s reform program supported by the IMF Stand-By Arrangement (SBA) during March 12-April 8, 2020. At the conclusion of the mission, Mr. Porter issued the following statement:

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IMF executive board concludes first review under the stand-by arrangement for Armenia

25.12.2019 14:31

IMF executive board concludes first review under the stand-by arrangement for Armenia

On December 20, 2019, the Executive Board of the International Monetary Fund (IMF) completed the first review under of the Republic of Armenia’s performance under the program supported by the Stand-By Arrangement (SBA), Armenia’s Central Bank said

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Armenian finance minister and IMF delegation discuss further cooperation

10.12.2019 16:23

Armenian finance minister and IMF delegation discuss further cooperation

Armenian Finance Minister Atom Janjughazyan received today an IMF delegation led by Nathan Porter, head of the IMF Armenia Mission

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IMF and Armenia's central bank to conduct joint scientific conference in Dilijan in 2020

21.10.2019 18:45

IMF and Armenia's central bank to conduct joint scientific conference in Dilijan in 2020

An Armenian delegation made up of Armenian Vice Premier Mher Grigoryan, Central Bank Chairman Arthur Javadyan, Chief of the Central Bank’s Financial System Development Division Andranik Grigoryan and Head of Dilijan Education and Research Center Armen Nurbekyan, has had a number of meetings in Washington on the sidelines of the annual session of the governing boards of the World Bank (WB) and International Monetary Fund (IMF)

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Armenian central bank chairman off to USA for annual meeting of WB and IMF board directors

18.10.2019 16:28

Armenian central bank chairman off to USA for annual meeting of WB and IMF board directors

Armenia’s Central Bank chairman Arthur Javadyan has left for Washington, US, to attend the annual session of the governing boards of the World Bank (WB) and International Monetary Fund (IMF)

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Partnership between IMF and Armenia is effective and stable

21.08.2019 16:52

Partnership between IMF and Armenia is effective and stable

Arthur Javadyan, the head of the Central Bank of Armenia, received Tuesday a delegation headed by International Monetary Fund Regional Director for Middle East and Central Asia Jihad Azour, the press office of the central bank reports

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Implementation of structural reforms in Armenia could increase real GDP by 7 percent - IMF

10.06.2019 18:50

Implementation of structural reforms in Armenia could increase real GDP by 7 percent - IMF

A full implementation of structural reforms in Armenia could increase the country’s real GDP by as much as 7 percent over the long run, the International Monetary Fund says in its fresh report

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IMF executive board approves US$248.2 million stand-by arrangement for Armenia

20.05.2019 18:14

IMF executive board approves US$248.2 million stand-by arrangement for Armenia

The IMF approved a 36-month Stand-By Arrangement (SBA) for Armenia amounting to about US$248.2 million, Armenian Central bank reported. The Armenian authorities have indicated that they will treat the arrangement as precautionary, and do not intend to draw on the new SBA unless shocks generate balance of payments needs, IMF said in a press release

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