YEREVAN, April 8. /ARKA/. Armenian Deputy Prime Minister Tigran Khachatryan received on Tuesday the IMF mission chief for Armenia Iva Petrova, who is completing her term of office. Alexander Timan, Petrova’s successor, also attended the meeting.
During the meeting Khachatryan highly assessed Armenia’s constructive and effective cooperation with the IMF in recent years in the field of ensuring fiscal stability.
In the context of the measures defined within the framework of the 5th revision of the SBA loan agreement, the work done to ensure the set goals was discussed in detail, including the ongoing reforms in the financial sphere, improvement of the investment climate, other important areas in terms of supporting economic activity.
In December 2024, the IMF opened access to $24.1 million for Armenia under the Stand-By Arrangement (SBA). As a result, the total access will amount to about $120.59 million (92 million SDR).
December 12, 2022, the IMF Executive Board approved a 36-month SBA precautionary program for Armenia, which supports the authorities’ efforts to preserve macroeconomic, financial and fiscal stability and advance the domestic economic program.-0-
