IMF APPROVES $13.6-MILLION LOAN FOR ARMENIA
The Executive Board of the International Monetary Fund (IMF) has approved a nearly $13.6 million, three-year arrangement under the Poverty Reduction and Growth Facility (PRGF) for Armenia “to support the government’s economic program through 2011.” In a press release disseminated on Wednesday the IMF said “the decision will enable the Republic of Armenia to draw an amount equivalent to about $1.9 million immediately.” According to the report, Armenia’s PRGF-supported economic program builds on the authorities’ Sustainable Development Program (SDP) and the main goals of the new program are to sustain and broaden economic growth, and further reduce poverty. Following the Executive Board’s discussion, IMF Deputy Managing Director and Acting Chair Murilo Portugal stated: “The worsened global macroeconomic outlook has increased uncertainty, but Armenia is in a strong position to withstand the impact of the global economic downturn.” “A gradual deceleration of growth in Armenia may help dampen inflationary pressures. It may also contribute to reducing the external current account deficit, which has increased on the back of rising imports and sluggish exports, despite strong remittance inflows. Medium-term prospects, although highly uncertain, remain benign in view of favorable investment opportunities,” he added.
LEADING OPPOSITION MEMBER SENTENCED TO JAIL TERM
By Karine Kalantarian
A former government official who actively supported the opposition during last February’s presidential election was on Wednesday found guilty and sentenced to two years in jail on charges stemming from ...PARLIAMENT OPPOSITION SET TO ATTEND ‘KARABAKH DISCUSSION’
By Ruzanna Stepanian
The opposition Zharangutyun (Heritage) party has accepted President Serzh Sarkisian’s invitation to attend a consultation focusing on the Karabakh issue, the party’s board chairperson Anahit Bakhshian ...YEREVAN POLICE REPORT RISE IN CRIME IN 2008
By Lilit HarutiunianA senior Yerevan police official has reported an upsurge in crime in the Armenian capital so far this year as well as a decline in the crime detection rate. Police Colonel Ashot Mirijanian told the media ...IMF APPROVES $13.6-MILLION LOAN FOR ARMENIA
The Executive Board of the International Monetary Fund (IMF) has approved a nearly $13.6 million, three-year arrangement under the Poverty Reduction and Growth Facility (PRGF) for Armenia “to support ...
PARLIAMENT OPPOSITION SET TO ATTEND ‘KARABAKH DISCUSSION’
By Ruzanna StepanianDASHNAK LEADER DOWNPLAYS FOREIGN PRESSURE OVER KARABAKH
By Astghik BedevianKARABAKH NEGOTIATORS IN SHUTTLE DIPLOMACY AGAIN
By Ruzanna StepanianOPPOSITION PARTY CHALLENGES SARKISIAN-ORDERED UNREST PROBE
By Astghik BedevianINVESTIGATIVE JOURNALIST ATTACKED IN YEREVAN
By Astghik BedevianSARKISIAN INVITES OPPOSITION TO ‘KARABAKH DEBATE’
By Ruzanna StepanianLEADING OPPOSITION MEMBER SENTENCED TO JAIL TERM
By Karine KalantarianTURKEY, ARMENIA AND AZERBAIJAN TO HOLD NEW TALKS
(Reuters)EU ENVOY SEES ‘NEW OPPORTUNITIES’ FOR SOUTH CAUCASUS
By Harry Tamrazian in PragueOMBUDSMAN DOWNPLAYS ‘LEGAL FLAWS’ IN NEW UNREST PROBE
By Karine Kalantarian
- 1853 Start of the Battle of Bashkadklar.
- 1903 Death of historian Matatia (Anton) Garagashian. He was born in 1818.
- 1918 Death of Patriarch Malachia Ormanyan in Constantinople. He was born in 1841.
- 1936 Opening of the Ninth Extraordinary Congress of the Soviets (Councils) in the Armenian SSR.
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