The International Monetary Fund (IMF) is ready to provide one more, U.S. $60m, tranche to Armenia, if the IMF Executive Board approves the draft, reported the Wall Street Journal.
Late this October the IMF is to carry out a second discussion on the second review of Armenia’s 28-month Stand-By Arrangement (U.S. $823m as compared with the previous U.S. $540m).
The IMF forecasts 15% economic decline in Armenia, and budget deficit within 7.5%.
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