IMF allocates over $170 million to Armenia

At its recent meeting, the International Monetary Fund (IMF) has approved a new 36-month Stand-By Arrangement (SBA) of SDR 128.8 million (about $175 million) for Armenia, the Central Bank of Armenia said in a press release, Report informs via Armenian media outlets.

Immediately after the signing of the agreement, Armenia will have access to the first tranche of 18.4 million SDR (about $25 million).

Subsequent tranches will be disbursed following regular assessments by IMF missions.