  IMF approves additional $57.6mln disbursement to Armenia December 2, 2010 - 20:44 AMT PanARMENIAN.Net - The Executive Board of the International Monetary Fund (IMF) has completed its first review of Armenia’s economic performance under a program supported by the Extended Fund Facility (EFF) and the Extended Credit Facility arrangement (ECF). The decision enables the authorities to draw an additional SDR 39.0 million (US$57.6 million), bringing total disbursements under the arrangement to an amount equivalent to SDR 78.1 million (US$115.2 million), the press service of IMF Resident Representative Office in Armenia reported. The three-year SDR 266.8 million (about US$393.9 million) EFF and ECF arrangement with Armenia was approved by the IMF’s Executive Board on June 28, 2010.   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 Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
