ArmInfo. The Minister of Economic Development and Investments of Armenia Suren Karayan received the delegation of the International Monetary Fund (IMF) led by the head of the Armenian mission Hossein Samiei. The parties discussed new possible cooperation programs.
According to the press service of the RA Ministry of Economic Development, during the meeting the interlocutors touched upon the program of the Armenian government for the future 5-year anniversary, the economic priorities of the Armenian Cabinet of Ministers and forthcoming events in this context. Karayan and Samiei discussed further priority areas for cooperation between Armenia and the IMF.
It should be reminded that the IMF provided software assistance in the framework of "Long-Term Financing" (EFF) in Armenia in 2014. "The goal of the program is to assist the country's economy, by supporting the balance of payments, as well as macroeconomic policy coordinated with the Armenian authorities," Hossein Samiei said earlier. On December 9, 2016, the Executive Board of the International Monetary Fund (IMF) completed the fourth final audit of the implementation of the Long-Term Financing Program (EFF) in Armenia, which resulted in the Fund approving financing of SDR 15.65 million (special drawing rights) about $ 21.24 million.
Thus, as noted in the IMF report, the total amount of appropriations was brought to 66.52 million SDR or about $ 90.28 million. The program with a total cost of 82.21 million SDR or $ 111.57 million was approved on March 7, 2014.