ARMENIA TO GET $51.4 MILLION FROM IMF AFTER PASSING LOAN REVIEW

By Aaron Eglitis – Feb 5, 2013 7:00 PM GMT

The International Monetary Fund approved a disbursement of $51.4
million for Armenia after completing a fifth review of the country~Rs
economy.

The loan is part of a three-year, $403 million accord agreed with
the Washington-based lender in June 2010, it said today in a report.

Armenia~Rs economic growth is forecast to slow to 4.3 percent this year
compared to 6.2 percent last year, the fund said in the report. The
country~Rs budget deficit is expected to widen to 2.6 percent this
year from 2.1 percent in 2012 and inflation will remain about 4
percent this year, the IMF said.

To contact the reporter on this story: Aaron Eglitis in Riga at
aeglitis@bloomberg.net To contact the editor responsible for this
story: Balazs Penz at bpenz@bloomberg.net