Thursday, May 4 2017 17:17

ArmInfo. There is no new agenda on  financing support project from IMF yet, according to Armenian Finance  Minister Vardan Aramyan's statement on May 4 during Government  session. Current support project IMF within EFF.

EFF Armenia will be finished this summer. Despite absence of  agreements on new support projects, according to Aramyan, Armenian  side expressed its wishes to IMF partners. 

"New projects from IMF will help not only to fill currency reserve of  Central Bank, and to protect Armenia from foreign shocks.Our  cooperation with IMF promotes also forming the vision of reformation  procedures and continuing already started economy reform", Aramyan  stressed, adding that they can come to this issue next September. 

The Executive Board  of the International Monetary Fund (IMF)  completed the fourth review  of Armenia's performance under a  three-year arrangement under the  Extended Fund Facility (EFF), the  official website of IMF reports.  The completion enables the release  of SDR 15.65 million (about  US$21.24 million), bringing total  disbursements under the arrangement  to SDR 66.52 million (about  US$90.28 million). The extended arrangement for SDR 82.21 million  (about US$111.57 million) was approved on March 7, 2014.