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PM: Armenia's Government To Propose Ambitious Program Of Reforms

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  • PM: Armenia's Government To Propose Ambitious Program Of Reforms

    PM: ARMENIA'S GOVERNMENT TO PROPOSE AMBITIOUS PROGRAM OF REFORMS

    ARKA News Agency
    Oct 22 2007
    Armenia

    YEREVAN, October 22. /ARKA/. Armenia's Government will propose an
    ambitious program of further reforms and hopes for proper technical
    assistance and IMF consultation, said Armenian Prime Minister Serge
    Sargsyan.

    "The reforms will include modernization of tax and customs
    administrations, financial sector, issues of increasing the economic
    cooperation," said Sargsyan during his meeting with Director of
    International Monetary Fund Dominic Straus-Kan, Washington.

    The RA Government's public relations department told ARKA that
    Sargsyan pointed out that since 1992 within the IMF joint programs,
    Armenia has managed to achieve macroeconomic stability, rehabilitate
    the shaky economy after the collapse of the USSR by providing high
    indices of the economic growth.

    Talking about the further cooperation with the IMF, Sargsyan pointed
    out that the IMF program which terminates in May 2008 should be
    continued.

    The sides also discussed urgent trends of the economic development
    in the country and the prospects of Armenia's cooperation with the IMF.

    Dominic Straus-Kan said about his plans about the IMF reformation
    and expressed hope that Armenian Premier will assist him as a head
    of government of the IMF member-state. Sargsyan promised to study
    attentively the initiatives of the IMF Director and assist to
    implement them.

    Sargsyan also met with the American Co-Chair of the OSCE Minsk Group
    Matthew Bryza. During the meeting they discussed issues of mutual
    interest.
    From: Baghdasarian
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