ArmInfo. Deputy Prime Minister Mher Grigoryan received a delegation led by Alexander Timan, the International Monetary Fund (IMF) Mission Chief in Armenia. Umang Rawat, IMF Resident Representative in Armenia, was also present at the meeting.
According to the Deputy Prime Minister's office, the parties discussed the implementation of measures under the IMF Stand-By Arrangement, approved until the end of 2025. Views were exchanged views on the progress of reforms in the Republic of Armenia and the government's fiscal and budgetary policies. The parties also discussed recent regional developments and the unblocking of regional communications.
Recall, in early December 2025, the Executive Board of the International Monetary Fund (IMF) approved a new three-year Stand-By Arrangement (SBA) with Armenia for a total of SDR 128.8 million, or approximately $175 million (100% of Armenia's IMF quota). Also, the IMF completed the previous, sixth review under the SBA, which was set to expire on December 11, 2025. Following approval by the IMF Board of Directors of the new SBA, an amount equivalent to SDR 18.4 million (approximately $25 million) will become immediately available to Armenia.
The remaining amount will be disbursed in equal tranches, subject to six semi-annual reviews. The new SBA, viewed by the Armenian authorities as precautionary, is aimed at ensuring the continuity of government policies and the structural reform program to maintain macroeconomic stability, promote sustainable and inclusive growth, and provide protection against downside risks in an uncertain environment.
