RA Government approved IMF proposal on allocating $202 400 millionJune 26, 2009 - 20:49 AMT PanARMENIAN.Net - In an away session on Friday, RA Government approved International Monetary Fund's (IMF) proposal on the allocation of $ 202 400 million credits to Armenia. The decision was made in the frameworks of preceding IMF-Armenia agreements on funding RA Budget in 2009-10. Budgetary assistance should be provided through the exchange of letters. As reported earlier by Ninke Omes, permanent representative of IMF Office in Armenia, the fund will allocate 158 million to the country by the end of the current week. On May 6, IMF Executive Board approved the stand-by agreement envisaged for 28 months. Under the document signed, the fund will provide financial assistance to Armenia in the amount of USD 540. The proposal on increasing financial assistance by USD 255 million was approved on Monday. The total sum thus comprised USD 823 million. In March 2009, IMF allocated USD 250 million to Armenia, Ninke Omes noted in that connection. IMF program aims to assist Armenia in resisting crisis impact, ensuring trust in foreign currency as well as protecting vulnerable groups of society. 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 | About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched. Aliyev travels to Turkey at Erdogan's invitation On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions. Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha. |