  Armenia increases IMF quota by 50% February 6, 2025 - 16:06 AMT PanARMENIAN.Net - The Armenian government has approved a decision titled "On behalf of the Republic of Armenia, consenting to the increase of Armenia's quota based on the 16th General Review of Quotas adopted by the Board of Governors of the International Monetary Fund." Currently, Armenia's quota in the IMF stands at 128.8 million Special Drawing Rights (SDR), representing 0.03% of the total IMF quota, granting Armenia 0.05% of the voting power in the IMF Board of Governors. Following the 16th review, it is proposed to increase Armenia's quota by 50% to 193.2 million SDRs. This adjustment ensures the fulfillment of obligations undertaken under the signed agreement.   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 |  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. |
