YEREVAN, March 20. /ARКА/. Armenian Deputy Prime Minister Mher Grigoryan and International Monetary Fund (IMF) Deputy Managing Director Marnix van Rij noted the importance of approving a new standby arrangement with the IMF and its full implementation.
According to the Armenian government’s press service, at a meeting on Friday, Grigoryan emphasized that cooperation with the IMF touches upon virtually all key reforms being implemented in Armenia.
The interlocutors also touched on regional developments and the “Crossroads of Peace” initiative, and exchanged views on the government’s priorities in the energy sector.
On Armenia-IMF Agreements
In December 2025, the IMF Executive Board approved a new 36-month Stand-By Arrangement (SBA) with Armenia in the amount of SDR 128.8 million (approximately $175 million). It is aimed at assisting the Armenian authorities in maintaining macroeconomic stability and advancing the structural reform program, providing insurance against uncertainty.
Stand-by arrangements (SBAs) guarantee that a country will be able to automatically receive foreign currency up to the agreed-upon limit at any time during the agreement’s term, provided its terms are met. Experience shows that the amount of funds allocated under such arrangements typically exceeds the amount actually used. Upon termination of the agreement, any unused loan amount is returned to the fund.
