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Armenian Central Bank Signed International Agreements Worth $100 Mil

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  • Armenian Central Bank Signed International Agreements Worth $100 Mil

    ARMENIAN CENTRAL BANK SIGNED INTERNATIONAL AGREEMENTS WORTH $100 MILLION IN 2014

    YEREVAN, December 29. /ARKA/. The Central Bank of Armenia (CBA)
    continued developing its cooperation with various international
    organizations and signed new agreements worth about $100 million
    during 2014, CBA's chairman Artur Javadyan said at the New Year
    reception on Friday.

    Apart from this, the central bank, together with the government,
    continued its active support to social lending programs, including
    mortgage, agricultural loans, lending to the military, students and
    young specialists, Javadyan said, as cited by the press office of
    the regulator.

    Javadyan also said the IMF drew a positive conclusion about the
    regulator's macroeconomic policy, having confirmed the evaluation of
    the first stage under a three-year joint Armenia-IMF joint program
    at its meeting on December 19 and transferred the first tranche to
    the central bank on December 23.

    IMF Executive Council confirmed 82.21 million SDR ($127.6mln or 89.4%
    of the country's quota) agreement with Armenia under the 38-month
    Extended Fund Facility program. -0--

    http://arka.am/en/news/economy/armenian_central_bank_signed_international_agreeme nts_worth_100_million_in_2014_/#sthash.rpfmUlIZ.dpuf

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