IMF approves new $175 million Stand-By Arrangement for Armenia

The IMF approved a new 36-month Stand-By Arrangement for Armenia, amounting to approximately $175 million, and cancelled the previous one. This new arrangement will support Armenia's macroeconomic stability and reform agenda, providing financial insurance. An initial disbursement of about $25 million is immediately available. Armenia has shown strong economic performance despite global challenges, with robust GDP growth and inflation nearing the central bank's target.