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IMF Executive Board Approves US$57.6 Million Disbursement For Armeni

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  • IMF Executive Board Approves US$57.6 Million Disbursement For Armeni

    IMF EXECUTIVE BOARD APPROVES US$57.6 MILLION DISBURSEMENT FOR ARMENIA

    armradio.am
    03.12.2010 11:55

    The Executive Board of the International Monetary Fund (IMF) has
    completed its first review of Armenia's economic performance under a
    program supported by the Extended Fund Facility (EFF) and the Extended
    Credit Facility arrangement (ECF).

    The decision enables the authorities to draw an additional SDR 39.0
    million (US$57.6 million), bringing total disbursements under the
    arrangement to an amount equivalent to SDR 78.1 million (US$115.2
    million).

    The three-year SDR 266.8 million (about US$393.9 million) EFF and ECF
    arrangement with Armenia was approved by the IMF's Executive Board
    on June 28, 2010.




    From: A. Papazian
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