IMF approves final 13.7m-dollar loan to Armenia

IMF approves final 13.7m-dollar loan to Armenia

Mediamax news agency
2 Dec 04

YEREVAN

The International Monetary Fund (IMF) has approved the allocation of
the final tranche to the tune of 13.7m dollars as part of the Poverty
Reduction and Growth Facility (PRGF) programme.

Armenian Finance and Economy Minister Vardan Khachatryan said today
that this marks the end of the IMF’s three-year programme.

The minister added that the Armenian government had made a political
decision to continue cooperation with the IMF. He said the next
programme could target reforms in the banking sector, in the field of
insurance, transformation in the area of the water economy, public
transport, etc.

The implementation of the Poverty Reduction and Growth Facility
programme started in Armenia in 2001. Its total value has reached
105.3m dollars.