Euromedia24 on Play Store Euromedia24 on App Sore
BNB

$870.47

BTC

$113082

ADA

$0.868816

ETH

$4608.63

SOL

$213.76

31 °

Yerevan

20 °

Moscow

45 °

Dubai

20 °

London

26 °

Beijing

23 °

Brussels

16 °

Rome

23 °

Madrid

BNB

$870.47

BTC

$113082

ADA

$0.868816

ETH

$4608.63

SOL

$213.76

31 °

Yerevan

20 °

Moscow

45 °

Dubai

20 °

London

26 °

Beijing

23 °

Brussels

16 °

Rome

23 °

Madrid

RA and the International Monetary Fund have agreed on the issue of revising the Reserve Program

The Republic of Armenia and the International Monetary Fund reached a working level agreement on the fourth revision of the Reserve Program.


The Ministry of Finance of Armenia issued a message about this.


"As a result of the Armenian mission of the International Monetary Fund (IMF) held from September 18 to October 1, 2024, and the subsequent discussions, a working level agreement was reached on the regular, fourth revision of the three-year reserve program implemented with the support of the IMF," the department's release stated. in


It is emphasized that the review records the effective and timely implementation of the obligations undertaken under the program, as well as the stability and reliability of the macroeconomic policy. IMF experts expect that the rate of economic growth of Armenia will be maintained in the current year, in 2024. making 6% due to domestic demand.


"The government's structural reform agenda is appropriately focused on strengthening inclusive growth by boosting labor market participation among youth, women and vulnerable groups, expanding diversification in the country's export basket and markets, and improving the business environment. Achieving these goals requires the development and implementation of clear and full employment and export strategies, setting priorities for management reforms, modernizing the insolvency framework and rationalizing investment incentives aimed at supporting quality investments," noted Iva Petrova, head of the IMF Armenia mission.


The review is subject to approval by the IMF Executive Board. in December, resulting in $24.5 million (PHP 18.4 million) of borrowings, bringing the total amount available under the program to $122.7 million (PHP 92 million). The program is preventive in nature and the borrowed funds will be directed to meet the external (balance of payments) financing needs of the economy caused by possible future shocks.

News

In Yerevan, a man's body was found depending on his condition. Criminal proceedings have been initiated
The Minister of Internal Affairs is on a working visit to the United Arab Emirates
The European Commission has approved the acquisition of Versace by Prada
A large fire broke out in Dalarik village. A few tons of fodder and fire in the barn are visible from several 100 meters
The Russian Foreign Ministry expressed details of Lavrov-Rubio meeting
Pashinyan's fourth republic is "Western Azerbaijan". He has already passed the honey. Garnik Isagulyan (video)
A strong earthquake in the Philippines. Church has been destroyed
Terrorism in Pakistan. 10 people were killed and 32 were wounded
The breaker of our people was Pashinyan Nicole. Karapet Poghosyan (video)
Living in Yerevan has risen. Question (video)
The second general general of the security department has been arrested in the Caucasus in one day
Who will connect to the impeachment from the CP? Zohrabyan knows names (video)
The "Armenia" faction boycotted the parliamentary hearings. Edgar Ghazaryan (video)
Important
You want the mandate that now Tigranashen ten is that the final dictatorship in Armenia is felt. Saghatelyan to Pashinyan
Trump has stated that he hopes to meet between Putin and Zelopinski
In the Armenian cemetery in Julfa, the Azerbaijanis destroyed the medieval Armenian heritage
EU countries are worried. Ft
New explosions rocked Kharkov
Tourism or cement plant? Residents of Yernayap oppose mini cement factory (video)
India and Russia will hold joint military exercises of "Indra 2025" land troops