YEREVAN. - The next IMF disbursement to Armenia under the Extended Fund Facility lending instrument will likely be settled in January 2015, IMF Resident Representative in Armenia Teresa Daban said, Armenian News - NEWS.am reports.

Daban, who was speaking on Friday in Yerevan, added that the US Dollar value of the next tranche will be determined at the moment of settlement, when converted from the SDR (Special drawing rights), at settlement time. Previous disbursements have equaled around $17 million each.

On March 7, 2014, the IMF Board has approved the Extended Fund Facility, a 38-month lending package of 82,21 million SDR (around $127,6 million, or 89,4% of Armenia’s quota).