IMF TO ALLOCATE U.S. $60M TO ARMENIA

INFORMATION-ANALYTIC AGENCY NEWS.AM
Sept 17 2009
ARMENIA

The International Monetary Fund (IMF) is ready to provide one more,
U.S. $60m, tranche to Armenia, if the IMF Executive Board approves
the draft, reported the Wall Street Journal.

Late this October the IMF is to carry out a second discussion on the
second review of Armenia’s 28-month Stand-By Arrangement (U.S. $823m
as compared with the previous U.S. $540m).

The IMF forecasts 15% economic decline in Armenia, and budget deficit
within 7.5%.