IMF may provide $36 million to Armenia

The International Monetary Fund (IMF) has reached an agreement with the Armenian authorities on the completion of the final review of the economic program of Armenia.

The agreement is subject to approval by the IMF's Executive Board, which plans to consider a final review in mid-May. Approximately $36 million will be available after the board meeting, bringing the total appropriation to approximately $430 million.

The Armenian economy continued to recover in 2021, recording growth at the level of 5.7%. Annual inflation declined steadily, hitting 6.5% in February, helped by tightening monetary policy. The budget deficit in 2021 decreased to 4.7% of GDP.