IMF APPROVES FRESH LOANS TO ARMENIA
- The International Monetary Fund offered a cautiously positive economic outlook for Armenia as it announced the release of $50.7 million in fresh loan tranches to the authorities in Yerevan on Monday.
The two installments are part of a three-year lending program for the country worth $404 million that was launched by the IMF in June 2010. Their disbursement raised to almost $270 million the total amount of low-interest funds allocated to the Armenian government and Central Bank under that scheme.
In a written statement, the IMF praised the Armenian authorities for adhering to macroeconomic policies favored by the Washington-based fund. It said that they have translated into "solid growth" and falling inflation.
"The outlook for 2012 and the medium-term is positive, but not without risks, particularly stemming from Europe and affecting Armenia via Russia," read the statement. "Growth picked up to 4.6 percent in 2011, but is expected to moderate to just below 4 percent in 2012."
The IMF also praised the authorities for slashing the state budget deficit last year and planning to keep it under control in 2012. "The authorities plan to implement further business environment and tax and pension reform measures," added the fund. "Together with enhanced exchange rate flexibility, these actions should improve productivity and support growth and diversification of exports."
SARKISIAN DEMANDS FASTER GROWTH FROM NEW GOVERNMENT
Hovannes Shoghikian
President Serzh Sarkisian chaired the first meeting of his new but mostly unchanged government on Monday, telling its members to ensure that economic growth in Armenia is well above earlier government ...IMF APPROVES FRESH LOANS TO ARMENIA
The International Monetary Fund offered a cautiously positive economic outlook for Armenia as it announced the release of $50.7 million in fresh loan tranches to the authorities in Yerevan on Monday.
...
SARKISIAN DEMANDS FASTER GROWTH FROM NEW GOVERNMENT
Hovannes ShoghikianIMF APPROVES FRESH LOANS TO ARMENIA
ARMENIA REPORTS SHARP RISE IN CITIZENSHIP APPLICATIONS FROM SYRIA
Ruzanna StepanianU.S. ENVOY QUESTIONS CRIMINAL CASE AGAINST OSKANIAN
Ruzanna StepanianISRAELI MINISTER CALLS TO RECOGNIZE ARMENIAN GENOCIDE
ARMENIAN GOVERNMENT DENIES POLITICAL PRESSURE ON OSKANIAN
Astghik Bedevian, Ruzanna StepanianGOVERNMENT PLANS HEAVIER USE OF ARMENIAN LAKE WATERS
Hovannes ShoghikianEU CONCERNED OVER ARMENIAN-AZERI ESCALATION
- 1807 Russian forces, under General Goodevich, defeat the Turkish army on the banks of the Akhooryan river.
- 1890 Fighting breaks out between government forces and the Armenians of Karin (Erzroom, Western Armenia).
- 1925 Arrival of Friedhof Nansen (heading the League of Nations' International Bureau) in Yerevan.
- 1941 Signature of the Treaty of Friendship between Germany and Turkey.
- 1953 Death of public figure Hakob Ter Hakobian.
- 1987 The European Parliament votes to recognize the Armenian Genocide and suggests ways for Turkey to overcome its crisis.
ARMENIAN NEWS
INTERACTIVE NEWS
INFORMATION
MY ARMTOWN
How to quit smoking?
How to write in Armenian on Windows XP?
All materials published on this website are taken from open sources and are copyrighted by their respective owners. You cannot reproduce or copy any materials published on armtown.com without written consent of original copyright holder. If you want to remove any material, please send us an email with proof of ownership/copyright and your material will be removed immediately. All materials published for information purposes only.