Yerevan/Mediamax/. International Monetary Fund (IMF) will provide Armenia a loan at the volume of $56mln.

Mediamax reports that the Head of IMF representative office in Armenia Guillermo Tolosa said this today, summing up the results of IMF Mission’s visit, which was in Armenia from September 9 to 24.

He stressed that the Mission completed the discussions and coordinated with the Armenian authorities the program of reforms, which is being realized within the framework of the Extended Fund Facility (EFF) and Extended Credit Facility (ECF) programs. This program provides for provision of about $410mln.

According to IMF forecasts, following the results of 2010, GDP growth in Armenia will make 4%, and in 2011 – 4.5%. According to IMF experts, economic activity is also evidenced by the flow of credit means to the private sector.

Concerning the external debt, according to Guillermo Tolosa, in 2010, it will make 45% of GDP, and this is an acceptable level. At that he noted that in 2011, this index will start increasing, however, since 2012, IMF experts forecast decline in the external debt towards GDP.