IMF sends fourth tranche of $ 50.7 million to Armenia

The mission of the International Monetary Fund completed the fourth review of the EFF / ECF program in Armenia, reported news.am. The Armenian government was entitled to the next tranche of $ 50.7 million. The financing of Armenia in the framework of the program will grow $ 269.8 million. Total funding of the three-year program, completing in June 2013, will amount to $ 403.8 million.

The economic forecast for 2012  for Armenia as a whole is positive, but the republic is still liable to the risks of the Eurozone through Russia. If in 2011 the economic growth was  4.6%,  in 2012 it is expected to be4% (recall that the Armenian government has set a goal to achieve growth of 7%). 12-month inflation declined markedly, and most of all, it will stay within the planned limits at 4%. Credit growth remains stable.