Tag: IMF

Central Bank of Armenia should be prepared to adjust interest rates if necessary – IMF

The ongoing economic uncertainty underscores Armenian authorities' need for continuing efforts to build resilience and improve prospects for future growth, the International Monetary Fund (IMF) said in a press release.

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

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

Central Bank of Armenia should be prepared to raise refinancing rate – IMF

The Central Bank of Armenia should be prepared to raise the refinancing rate as needed to return inflation to the target level amid rising inflationary pressures and heightened uncertainty, stated Alexander Timan, head of the IMF mission to Armenia.

IMF Ready to Assist Central Bank of Armenia in Regulating Stablecoin Transactions

The IMF plans to assist the Central Bank of Armenia in its efforts to strengthen financial system oversight and modernize the payment system, including introducing regulation of stablecoin transactions in accordance with the recently adopted Law on Cryptoassets.

Central Bank of Armenia should be prepared to adjust the refinancing rate if necessary – IMF

Given significant uncertainty, the Central Bank of Armenia should continue to closely monitor economic trends and inflation expectations and be prepared to adjust the refinancing rate if necessary, the IMF said in a statement following the visit of the Fund mission, led by Alexander Timan, to Yerevan from September 17-30.

Armenia’s banking system has strong capital and liquidity buffers – IMF

YEREVAN, October 17. /ARKA/. Armenia's banking system demonstrates high profitability and has strong capital and liquidity buffers.

Armenian Finance Minister  and IMF Mission head discussed fulfillment of obligations under SBA

Armenian Finance Minister Vahe Hovhannisyan discussed today the 5th revision of the Stand-By Arrangement (SBA) at a meeting with IMF Armenian mission chief Iva Petrova.

IMF mission to visit Armenia – Minister

The International Monetary Fund (IMF) mission will arrive in Armenia soon, Finance Minister Vahe Hovhannisyan said.

IMF: Armenia’s economic growth projected at around 5½ percent in 2021

The Executive Board of the International Monetary Fund (IMF) concluded last Friday the 2021 Article IV consultation and completed the fourth and fifth reviews of Armenia’s performance under its economic program supported by the SBA

About $72.5 million (SDR 51.429 million) would become available to Armenia after IMF Board meeting

An International Monetary Fund (IMF) team, led by Nathan Porter, conducted discussions during October 19-November 12, 2021 for the 2021 Article IV consultation, as well as the combined fourth and fifth reviews of Armenia’s economic program, which is supported by an IMF Stand-By Arrangement (SBA), the IMF Office in Armenia said

IMF: Armenia’s Central Bank should stand ready to adjust its monetary policy stance

“Armenia's monetary policy has rightly been accommodative, supporting the economy and keeping the banking sector liquid. Inflation remains low, with the exchange rate relatively stable over much of this year,' Tao Zhang, Deputy Managing Director and Acting Chair, said after the IMF Executive Board completed the third review of Armenia’s performance under the program supported by the Stand-By Arrangement (SBA)

IMF says SDR 25.714 million (around US$36.7 million) will become available for Armenian budget support after Board meeting

An IMF team reached staff level agreement with the Armenian authorities for the completion of the third review under the program supported by an IMF Stand-By arrangement, IMF said in a press release