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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