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Armenia CB signed international agreements worth $100 million in 201

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  • Armenia CB signed international agreements worth $100 million in 201

    Financial Services Monitor Worldwide
    December 29, 2014 Monday


    Armenian central bank signed international agreements worth $100 million in 2014


    The Central Bank of Armenia (CBA) continued developing its cooperation
    with various international organizations and signed new agreements
    worth about $100 million during 2014, CBA's chairman Artur Javadyan
    said at the New Year reception on Friday.


    Apart from this, the central bank, together with the government,
    continued its active support to social lending programs, including
    mortgage, agricultural loans, lending to the military, students and
    young specialists, Javadyan said, as cited by the press office of the
    regulator.
    Javadyan also said the IMF drew a positive conclusion about the
    regulator's macroeconomic policy, having confirmed the evaluation of
    the first stage under a three-year joint Armenia-IMF joint program at
    its meeting on December 19 and transferred the first tranche to the
    central bank on December 23.
    IMF Executive Council confirmed 82.21 million SDR ($127.6mln or 89.4%
    of the country's quota) agreement with Armenia under the 38-month
    Extended Fund Facility program. 2014 Global Data Point.



    From: Emil Lazarian | Ararat NewsPress
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