IMF Allocates Regular Tranche To Armenia

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

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS