ArmInfo.Armenia's gross international reserves (GIR) accelerated the y-o-t growth in Jan-July  2022 from 15.2% to 16.3% (i.e. they increased by $580 million) and  reached a new record level of $4.126 billion (from the previous  all-time high of $4.112 billion in December 2022), according to the  data of the Central Bank of the Republic of Armenia.

ArmInfo.On September 1, 2023, Armenia's Vice-Premier Mher Grigoryan hosted a delegation of  the International Monetary Fund (IMF) led by Mr Jihad Azour, Director of the IMF Middle East and Central Asia Department. 

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ArmInfo.On Aug. 25, 2023, S&P Global Ratings raised its long-term foreign and local currency  sovereign credit ratings on Armenia to 'BB-' from 'B+' and affirmed its short-term foreign and local currency sovereign credit ratings at 'B'. The outlook is stable.  

ArmInfo.As of this July, Armenia's gross international reserves (GIR) totaled $3.909 bln - an  annual growth from 10.8% to 13.33% or up by $458.6 mln. Thus,  Armenia's GIR has neared their historical maximum. The share of  external convertible currency assets in Armenia's GIR is $3.898bln,  that of SDR at the IMF is $8.9 mln.

ArmInfo.Fitch Ratings has upgraded Armenia's Long-Term Foreign-Currency Issuer Default Rating  (IDR) to 'BB-' from 'B+'. The Outlook is Stable. This is stated in the message of the agency.

ArmInfo.On July 26, RA Minister of Finance Vahe Hovhannisyan received Dr. Mehdi Raissi, the  International Monetary Fund  (IMF) Resident Representative in Armenia  in connection with the completion of his mission in Armenia and Mr.  Umang Rawat, who replaced him at this post. Deputy Ministers of  Finance also attended the meeting.

ArmInfo. By June 2023, Armenia's gross international reserves (GIR) accelerated y-o-y growth from 4.7% to 19%, increasing in absolute terms by $597.4 million and reaching $3.749 billion, thereby approaching the historical maximum of $4.112 billion recorded at the end of 2022.  About this evidenced by the data of the Central Bank of the Republic of Armenia, according to which in May of this year alone, GIR increased by 3.1% (or by $112 million), while in Jan-May it decreased by 8.8% (or by $363.1 million).

ArmInfo. According to a revised  forecast by the Central Bank of Armenia (CBA), 6.9% GDP growth is  expected this year against the previously forecast 5.8% (against the  actual 12.6% growth in 2022), with a further slowdown to 5.5% in  2024. 

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ArmInfo.The IMF Executive Board completed the first review under the Stand-By Arrangement (SBA) with  Armenia, providing the country with access to about US$24.5 million.

ArmInfo.The Capacity Development Centre of the International Monetary Fund (IMF) for the  countries of the Caucasus, Central Asia and Mongolia was opened in Kazakhstan. Chairman of the Kazakh National Bank Galymzhan Pirmatov and the IMF delegation led by IMF Managing Director Kristalina  Georgieva attended the solemn opening ceremony of the Centre on June 9 in Almaty. This is stated in the message of the National Bank of the Republic of Kazakhstan.

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ArmInfo. The World Bank has improved its forecast for GDP growth in Armenia for 2023 from the  previous 4.1% to the updated 4.4% (against the actual 12.6% growth in 2022), expecting an acceleration in 2024 to 4.8% and up to 5%. in 2025). This is noted in the WB's Flagship Report on Global Economic Prospects for June 2023.

ArmInfo.The increase of the share of domestic debt in the total government debt up to 47% in Armenia by  May 2023 can be considered from two aspects - both as an achievement by Armenia's economic authorities and their "involuntary" torpedoing economic progress, Armenia's former minister of finance, international expert Vardan Aramyan said in an interview with ArmInfo. 

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ArmInfo. The European Bank for Reconstruction and Developmemnt (EBRD) has improved the GDP growth  forecast from 4% to 5%, with the same GDP growth rate expected in 2024 (against the previously forecast 4.8%), according to the EBRD Regional Economic Prospects in the EBRD Regions. High inflation weighs on purchasing power of households."

ArmInfo.Speaking at the presentation of the International Monetary Fund (IMF) report  "Ensuring Macroeconomic Stability in the Caucasus and Central Asia in  the Conditions of Ongoing Uncertainty" in Astana, Deputy Governor at  Central Bank of Armenia Armen Nurbenkyan mentioned three key factors  ensuring the growth of Armenia's economy last year.

ArmInfo. Armenia's gross international reserves decreased by 9.4% in Q1 2023 (against a 10% decline in Q1 2022) or by $387.4 million, amounting to $3.724 billion  (against a historical maximum of $4.112 billion in December 2022).  This is evidenced by the data of the Central Bank of the Republic of  Armenia.

ArmInfo.About $24.8 million of the stand-by loan will become available to Armenia after the meeting of the Board of the International Monetary Fund (IMF) in mid- June  this year. This is noted in the message of the IMF.