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IMF Allocates Regular Tranche To Armenia

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  • 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
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