YEREVAN, June 18. /ARKA/. Issues related to the capital market, reduction of cash circulation, e-commerce, and digitalization were discussed yesterday by Armenian Deputy Prime Minister Mher Grigoryan and the new head of the IMF mission in Armenia, Alexander Timan.
Grigoryan emphasized the importance of cooperation with the IMF, noting the significance of the measures included in the current three-year program in the context of the reforms being carried out by the government, according to the press service of the Government.
An exchange of views took place on possible reforms aimed at improving the investment climate in the country, including the introduction of quality standards.
In December 2024, the IMF allocated $24.1 million to Armenia under the Stand-By Arrangement. Consequently, total access amounts to approximately $120.59 million (92 million SDR). The Armenian authorities have characterized the arrangement as a precautionary measure.
Earlier, on December 12, 2022, the IMF Executive Board approved a 36-month preventive SBA program for Armenia. This program supports the authorities’ efforts to maintain macroeconomic, financial, and fiscal stability and promote the domestic economic program.
