  IMF to allocate Armenia $540 mlnMarch 3, 2009 - 20:03 AMT PanARMENIAN.Net - The International Monetary Fund (IMF) will consider the possibility to grant Armenia $540 mln to renew the country's reserves. The possibility of the credit grant will have been negotiated by the end of the week. The resourses will be granted for the period of five years, with a three-year 154% privilege annually. It is worth mentioning that in order to overcome the negative effects of the world crisis, the World Bank will grant Armenia $525 mln loan. Armenia was promised another $500 mln by its geostrategic partner Russia.  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 Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
