The IMF granted a half a billion dollars.

SyuzhetyAntikrizisnye loans MVF25.02.2009Latviya beginning to receive financial assistance from EvropyMezhdunarodny Monetary Fund (IMF) has granted a loan for 540 million dollars, reports France Presse, referring to the IMF Director Dominique Strauss-Kahn. The IMF Executive Board could approve the application of Armenia has already this week.
Strauss-Kahn noted that the first funds in the amount of 239 million dollars of Armenia will be able to obtain immediately after approval of the application. These funds are Armenian Central Bank uses to replenish foreign exchange reserves of the country. Permanent Representative of IMF in Armenia Nienke Oomes stated that the loan fund will be granted for a period of five years with a three-year grace period, at a rate of 1.54 per annum. Reported IA "News-Armenia".
Earlier, the World Bank promised to provide 85 million dollars in Armenia, but Russia has allocated Yerevan stabilization loan for 500 million dollars.
Armenia, like other countries, raised the global economic crisis. In January 2009, Armenia has reduced exports by 44 percent over the same period in 2008, but the authorities do not devalue the drama.