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DECISION TO DOUBLE IMF BORROWING LIMITS DOES NOT HAVE DIRECT IMPLICATIONS FOR ARMENIA
ArmInfo
2009-04-28 18:52:00
The Executive Board of the International Monetary Fund (IMF) agreed
last week to double the borrowing limits of the poorest countries under
the Poverty Reduction and Growth Facility (PRGF) and Exogenous Shocks
Facility (ESF) arrangements to help low-income countries severely
affected by the global economic downturn.
According to Nienke Oomes, IMF Resident Representative in Armenia,
this does not have any direct implications for Armenia, since Armenia
currently has a Stand-By Arrangement with the IMF, and financing under
Stand-by Arrangements has not been affected by the recent decision.
From: Emil Lazarian | Ararat NewsPress
ArmInfo
2009-04-28 18:52:00
The Executive Board of the International Monetary Fund (IMF) agreed
last week to double the borrowing limits of the poorest countries under
the Poverty Reduction and Growth Facility (PRGF) and Exogenous Shocks
Facility (ESF) arrangements to help low-income countries severely
affected by the global economic downturn.
According to Nienke Oomes, IMF Resident Representative in Armenia,
this does not have any direct implications for Armenia, since Armenia
currently has a Stand-By Arrangement with the IMF, and financing under
Stand-by Arrangements has not been affected by the recent decision.
From: Emil Lazarian | Ararat NewsPress