The Executive Board of the International Monetary Fund (IMF) has approved the results of the third phase of the evaluation of the three-year joint program with Armenia, as a result of which 25,714 million SDRs (about USD 36.7 million) of budget funds have become available for Armenia, the Central Bank of Armenia reported.

Under the joint program, a total of 231,657 million SDRs (approximately USD 315 million) were loaned to Armenia.

According to the IMF, monetary policy has been expansionary as needed, assisting the economy, and maintaining the liquidity of the banking system, while inflation has remained low in Armenia.