IMF ALLOCATES REGULAR TRANCHE TO ARMENIA

PanARMENIAN.Net
12.11.2009 16:24 GMT+04:00

/PanARMENIAN.Net/ On October 30, IMF Executive Board confirmed the
amount of regular tranche to be allocated to Armenia. The sum making
up $60 million has already been transferred to RA Central Bank, IMF
permanent representative in Armenia Ninke Omes announced in Yerevan.

At that he noted that Central Bank is expected to spend allocations on
making up state reserves. The sum envisaged for Armenia totales $820
million, of which $480 million has already been paid. "The rest of
the sum will be paid during the upcoming year and in the first half
of 2011, on condition RA Government complies with IMF requirements,"
Ninke Omes stressed.

From: Emil Lazarian | Ararat NewsPress