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
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
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