IMF will provide $ 315 million to Armenia to co-finance budget expenditures

IMF will provide $ 315 million to Armenia to co-finance budget expenditures

At today's sitting of the Government the RA Minister of Finance Atom Janjughazyan presented the draft law on the use of the means of reserve program and the attraction of additional borrowed fund. This refers to the draft law on ratification of the letter-agreement signed with the International Monetary Fund.

"At the end of March, we completed the negotiation phase. An agreement was reached that the equivalent of $ 315 million could be available, of which $ 206 million is already available", the minister said, adding that it would be used to co-finance budget programs.

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