IMF refuses to grant Greece delay in Debt Payment

YEREVAN, April 17. /ARKA/. International Monetary Fund (IMF) is refusing to grant Greece a delay in payment of its debt in May, IMF head Christine Lagarde said.

According to the Financial Times newspaper’s Thursday report, Lagarde had explained the policy of not granting delay requests to Greek Finance Minister Yanis Varufakis, the Prime reports.

The IMF has not provided delays for 30 years now, Lagarde said. She said they provided clarifications to the minister on the policy and the respective procedures. –0–

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Central Bank of Armenia is concerned about the outpacing growth of lending and urges banks to exercise caution

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Central Bank of Armenia estimated “unexpected losses of banks” under a three-year stress scenario at 185 billion drams

Unexpected losses of the Armenian banking system on the horizon of three-year stress testing at the Central Bank are estimated at about 2% of risk-weighted assets, or about 185 billion drams, said Martin Galstyan, Chairman of the Central Bank of Armenia, presenting the financial stability report for 2025.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

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Euro, dollar, and ruble exchange rates against the Armenian dram rose: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, as of May 27, 2026, increased by 0.31 points compared to May 26, reaching 368.05 drams.

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