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
[email protected] To contact the editor responsible for this
story: Balazs Penz at [email protected]
Disclaimer: This article was contributed and translated into English by Babajanian Karo. 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.
Direct link to this article: https://www.armenianclub.com/2013/02/06/armenia-to-get-51-4-million-from-imf-after-passing-loan-review/