Tweet
IMF FORECASTS HIGH INFLATION IN ARMENIA
news.am
Feb 17 2010
Armenia
The goal of the IMF delegation, which arrived for a visit to Armenia
on February 4, 2010, is signing a U.S. $74m credit agreement with
the RA Government after the third stage of the stand-by program has
been checked.
The IMF is to allocate over U.S. $800m to Armenia. The country has
received half of the funds, with the rest to be provided by next June.
Mark Lewis, Head of the IMF's mission, pointed out that external
factors account for the high inflation rates in Armenia last year.
Although high inflation rates are expected during the next one or two
months, inflation is expected to go down in the latter half of 2010.
Mark Lewis forecasts an inflation rate of 6% in Armenia for this year
against 7.5% last year. Despite the expected price rise in Armenia,
inflation will be falling, he said.
news.am
Feb 17 2010
Armenia
The goal of the IMF delegation, which arrived for a visit to Armenia
on February 4, 2010, is signing a U.S. $74m credit agreement with
the RA Government after the third stage of the stand-by program has
been checked.
The IMF is to allocate over U.S. $800m to Armenia. The country has
received half of the funds, with the rest to be provided by next June.
Mark Lewis, Head of the IMF's mission, pointed out that external
factors account for the high inflation rates in Armenia last year.
Although high inflation rates are expected during the next one or two
months, inflation is expected to go down in the latter half of 2010.
Mark Lewis forecasts an inflation rate of 6% in Armenia for this year
against 7.5% last year. Despite the expected price rise in Armenia,
inflation will be falling, he said.