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ARMENIA TO GET MORE IMF SUPPORT
New Europe
June 19 2012
EU
Noting the positive economic outlook for Armenia, the International
Monetary Fund announced the release of $50.7 million in fresh loan
tranches to the authorities in Yerevan, Armenia Liberty.org reported.
It was recalled that in June 2010, the IMF had launched in Armenian a
three-year lending programme worth $404 million. The two installments
are part of the aforesaid programme. Their disbursement reached
$270 million the total amount of low-interest funds allocated to the
Armenian government and Central Bank under that scheme.
The IMF hailed the Armenian authorities for strictly adhering to
macroeconomic policies favored by the Washington-based fund, pointing
solid growth and falling inflation. The IMF said in a statement,
"The outlook for 2012 and the medium-term is positive, but not without
risks, particularly stemming from Europe and affecting Armenia via
Russia." The Bank noted that growth reached 4.6% in 2011 and expected
to moderate to just below 4% in 2012.
New Europe
June 19 2012
EU
Noting the positive economic outlook for Armenia, the International
Monetary Fund announced the release of $50.7 million in fresh loan
tranches to the authorities in Yerevan, Armenia Liberty.org reported.
It was recalled that in June 2010, the IMF had launched in Armenian a
three-year lending programme worth $404 million. The two installments
are part of the aforesaid programme. Their disbursement reached
$270 million the total amount of low-interest funds allocated to the
Armenian government and Central Bank under that scheme.
The IMF hailed the Armenian authorities for strictly adhering to
macroeconomic policies favored by the Washington-based fund, pointing
solid growth and falling inflation. The IMF said in a statement,
"The outlook for 2012 and the medium-term is positive, but not without
risks, particularly stemming from Europe and affecting Armenia via
Russia." The Bank noted that growth reached 4.6% in 2011 and expected
to moderate to just below 4% in 2012.