IMF OKs Standby Deal for Armenia

The

executive board gave the go-ahead to a standby arrangement with Armenia. The deal is worth USD540 million, which will be used to stabilize the economy and protect the poor. The fund is ready to immediately disburse around USD237 million of the sum to the country.

About the author

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    Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.