  IMF to Provide Recurrent Tranche of $4.7 Million to ArmeniaNovember 15, 2005 - 15:34 AMT PanARMENIAN.Net - The International Monetary Fund has confirmed providing a recurrent tranche of $4.7 million to Armenia. When commenting on this decision IMF Deputy Managing Director Agustin Carstens appreciated the economic growth registered in Armenia in 2005. «The rate is expected to be sustained next year owing to the flow of investments, as well as money transfer from foreign countries,» he remarked. Within 3 years the IMF has allocated $33 million for poverty reduction in Armenia.  Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Related sections Latest news Turkey restoring 500-year-old Surp Sarkis Armenian Church  During the program, Sahak Maşalyan, the Patriarch of Türkiye's Armenians, inspected the historic church and offered prayers.BSEC Secretary General due in Armenia on July 1 On July 1, the Secretary General of the Black Sea Economic Cooperation Organization (BSEC) Lazar Comanescu will pay a working visit to Armenia.Armenia win 3 gold medals at European Junior Boxing Championships Armenia has three world champions after the European Junior Boxing Championships held in Sarajevo over the past week.Armenia considers Cyprus as one of its main partners in EU - envoy Armenia considers Cyprus one of its main partners in the European Union, Ambassador Tigran Mkrtchyan has said. |
