Mon, 9 June
25.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Davtyan: IMF facilitates credit terms for Armenia

YEREVAN, July 23. /ARKA/. International Monetary Fund (IMF) facilitates credit terms for Armenia by increasing redemption of anti-crisis credits twice, said Armenian Minister of Finance Tigran Davtyan.

Credits by the program Stand-by Arrangement are provided for 5 years with grace period of three years. In the frames of new IMF program it will be 10 years. At the end of June, Executive Board of IMF approved two programs of anti-crisis credit support to Armenia in the total amount of $395 million.

Terms of Stand-By Arrangement were rather tough and hard for Armenia.

“New terms facilitate credit terms but will be tense for debt redemption. But there is nothing for concern. We approved medium-term program of expenses. It envisages articles for debt service which the government handed over in crisis conditions”, said Davtyan.

Currently, total credit provided to Armenia by IMF is 350.4 million SDR (about $532.2 million). —0—

spot_img

POPULAR

Dollar and ruble exchange rates against Armenian dram rose, while euro fell

The average market exchange rate of the US dollar to the Armenian dram, as of April 2, 2025, rose by 0.06 points compared to April 1, reaching 391.16 drams.

US dollar slightly down  against dram

The average market exchange rate of the U.S. dollar to the Armenian dram on May 7, 2025, decreased by 0.18 points compared to May 6 and amounted to 389.28 drams.

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

Acba Bank contributed to the construction of a modern sports ground in Goris

In the “Haghtanak” park of Goris, a sports ground that meets modern standards was built in cooperation with Acba Bank, the Hayastan All-Armenian Fund and the Goris City Hall, the bank’s press service reported.

LATEST NEWS

spot_imgspot_imgspot_img