Armenia's Ministry of Finance announced that delegations led by Finance Minister Vahe Hovhannisyan and Central Bank President Martin Galstyan have reached a final agreement with International Monetary Fund (IMF) partners on the sixth review of Armenia’s 2022–2025 Stand-By Arrangement and, in parallel, on a new 36-month Stand-By Arrangement worth SDR 128.8 million (approximately USD 175 million). The ministry said the agreement reflects a common understanding on key economic policy directions and macroeconomic projections. Citing an IMF publication, it highlighted projections of real GDP growth of 5% in 2025 and 5.5% in 2026, inflation within the Central Bank’s target range, government debt of around 48% of GDP, and a banking system with high profitability and strong capital and liquidity buffers. A forthcoming IMF report is expected to provide a detailed overview of Armenia’s economic indicators, policy priorities and reform progress.
Ministry of Finance (Armenia) 2025-10-17
Armenia's Ministry of Finance reaches final agreement with the IMF on the sixth review of the 2022–2025 stand-by arrangement and a new 36-month SDR 128.8 million programme
Armenia's Finance Ministry, led by Minister Vahe Hovhannisyan and Central Bank President Martin Galstyan, finalized an agreement with the IMF on the sixth review of the 2022–2025 Stand-By Arrangement and a new 36-month Stand-By Arrangement worth SDR 128.8 million (USD 175 million). The agreement covers economic policy directions and macroeconomic projections, including 5% GDP growth in 2025 and 5.5% in 2026, inflation targets, and government debt at 48% of GDP. An upcoming IMF report will detail Armenia's economic indicators, policy priorities, and reform progress.