IMF may approve new $175 million stand-by program for Armenia by year-end

The International Monetary Fund (IMF) and Armenia have reached an agreement on a new 36-month stand-by program.

Report informs, citing IMF, that the program, valued at 128.8 million SDR (approximately $175 million), will continue to support economic reforms in the country.

The IMF Executive Board is expected to approve the new program for Armenia by the end of this year.