IMF enables Armenia’s  access to about US$25.1 million under new SBA

YEREVAN, June 10. /ARKA/. The Executive Board of the International Monetary Fund (IMF) said it has completed the first review under the Stand-By Arrangement (SBA) with Armenia.

The completion of the review enables access to an amount equivalent to SDR 18.4 million (about US$25.1 million), bringing total access to SDR 36.8 million (about US$50.2 million).

The SBA was approved by the IMF’s Board on December 1, 2025. Armenian authorities continue to treat the arrangement as precautionary, IMF said in a press release.  The Executive Board’s decision was taken on a lapse-of-time basis.

According to IMF, Armenia’s economic activity remains strong. Real GDP growth is expected to decelerate to around 5¼  percent in 2026 as domestic demand softens and some trade disruptions from the war in the Middle East materialize.

In Decdember 2025, the Executive Board of the International Monetary Fund (IMF) had concluded the 2025 Article IV consultation, completing the sixth review under the Stand-By Arrangement (SBA), and subsequently cancelled the SBA and approved a new 36-month SBA with Armenia amounting to SDR 128.8 million (100 percent of Armenia’s quota in the IMF or about US$ 175 million).-0-

spot_img

POPULAR

An Armenian Business Founded in a Garage: Games for Live Communication with the Support of Acba Bank

The success story of board games created by David Hovhannisyan began in a small garage near his home. David and his friends created educational games during their student years; as the number of orders grew, they decided to expand the business.

“Unisport” Competes in the UEFA Futsal Champions League

Unisport Futsal Club, established with the sponsorship of Unibank, will host UEFA Futsal Champions League 2026/27 preliminary round matches in Yerevan on August 26, 27 and 29.

Armenian dram weakened against the dollar and strengthened against the euro and ruble: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 24, 2026, increased by 0.22 points to 365.38 drams compared to August 21.

The investment portfolio of Armenian banks in the second quarter amounted to 1.93 trillion drams, a decline of 9.5% year-to-date

The total investment portfolio of commercial banks in Armenia at the end of June 2026 amounted to 1,933,341,220 thousand drams, a decrease of 202.38 billion drams, or 9.48%, year-to-date.

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

LATEST NEWS

spot_imgspot_imgspot_img