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

A banking STOP button has been launched in Armenia: the Central Bank has explained which transactions can be blocked

Since July 1, 2026, financial institutions in Armenia providing remote services have implemented the "STOP" mechanism, allowing customers to independently restrict individual transactions or completely block remote financial services.

Unibank to Raffle a Trip to Italy

Unibank announces the launch of a special campaign, "More Opportunities with Unibank Mastercard World Travel Card."

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of July 16, 2026, fell by 0.6 points compared to July 15, reaching 366.57 drams.

Dollar and euro exchange rates against the Armenian dram fell again: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of July 20, 2026, fell by 0.92 points compared to July 17, reaching 365.93 drams.

Euro and ruble exchange rates against the Armenian dram continued to decline, while the dollar rose slightly: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of July 14, 2026, increased by 0.05 points compared to July 13, reaching 366.74 drams.

LATEST NEWS

spot_imgspot_imgspot_img