The IMF Executive Board has approved a new 36-month Stand-By Arrangement for Armenia totaling SDR 128.8 million, about $175 million, after concluding the 2025 Article IV consultation and canceling the previous SBA, according to an IMF press release. The decision makes SDR 18.4 million, about $25 million, immediately available, with the remainder to be released in six semiannual tranches. The IMF said Armenian authorities intend to treat the new arrangement as precautionary and have agreed to publish the IMF Staff Report. According to the IMF, Armenia has successfully navigated multiple challenges in recent years while preserving macroeconomic and financial stability. The Fund also stated that performance under the previous Stand-By...