YEREVAN, October 17./ARKA/. IMF’s two tranches to Armenia under the Extended Facility Fund (EFF) will amount to a total of 23.48 million SDR by the end of the year, said the head of IMF Armenia mission Mark Horton after his visit to the country on September 17-30.

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.

The second tranche worth $17 million under an EFF arrangement is expected in December 2014.
According to the preliminary schedule, IFM Board will discuss, by the end of the year, the monitoring results, and will allocated 11.74 million SDR after approval, Horton said. This will bring the total amount of funding to Armenia under EFF to 23.48 million SDR, he said.

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The Armenian government has approved today a decision by IMF Board of Governors on December 15, 2010 to increase the quota for Armenia from 98 million SDR to 128.8 million SDR

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