International Monetary Fund (IMF) allocated US $400m loan out of US $823m estimated to Armenia.

IMF Resident Representative in Armenia Nienke Oomes stated that US $160m will be transferred to Armenian Government immediately and the rest – to Central Bank of Armenia. She informed that till the end of the year Armenia will receive another US $60m.

In 2009 IMF adopted a decision to allocate a 28-month US $540m loan to Armenia. Under the loan terms US $237m should be granted immediately and the remainder — in 9 subsequent tranches. Later IMF Executive Board lifted the loan up to US $823m (instead of scheduled US $540 m).