Announcement

Collapse
No announcement yet.

IMF approves final 13.7m-dollar loan to Armenia

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • 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.
Working...
X