ARMENIAN CENTRAL BANK SIGNED INTERNATIONAL AGREEMENTS WORTH $100 MILLION IN 2014

YEREVAN, December 29. /ARKA/. 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. -0–