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IMF Executive Board Approves Release Of 13.6 Million Dollars To Arme

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  • IMF Executive Board Approves Release Of 13.6 Million Dollars To Arme

    IMF EXECUTIVE BOARD APPROVES RELEASE OF 13.6 MILLION DOLLARS TO ARMENIA UNDER PRGF ARRANGEMENT

    Noyan Tapan
    http://www.nt.am?shownews=1009872
    Nov 19, 2008

    YEREVAN, NOVEMBER 19, NOYAN TAPAN. The Executive Board of the
    International Monetary Fund (IMF) approved the release of a 3-year
    credit of SDR 9.2 million (about 13.6 million USD) to Armenia under the
    Poverty Reduction and Growth Facility (PRGF) arrangement in support of
    the Armenian government's program through 2011. This decision allows
    Armenia to receive immediately an amount equivalent to SDR 1.31 million
    (about 1,9 million USD) from IMF.
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