ARMENIA WILL BE PROVIDED WITH 42 MILLION OF U.S. DOLLARS BY IMF
ARMENPRESS
OCTOBER 23, 2012
YEREVAN
YEREVAN, OCTOBER 23, ARMENPRESS: The International Monetary Fund
(IMF) will provide Armenia with a loan of 42 million U.S. dollars in
the framework of “Long-Term credit instrument” program. As Armenpress
reports referring to the official website of Armenian Government, the
issue is included in the agenda of the conference held on October 25.
The receivable money are going to be used for concealing the budget
deficit of 2012 and amount the 10 percent of loans from the internal
sources which are supposed to finance the budget deficit of 2012.
The loan will be provided with 10-year repayment period, 5.5 years
of which will be privileged, without interest.
Armenian IMF provided Armenian government with a loan of 115.3 million
of U.S. dollars for budgetary support in 2010-2011 in the framework of
“Long-Term credit instrument” program.
From: Baghdasarian
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