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  • The Prime Minister's US Meetings

    THE PRIME MINISTER'S US MEETINGS

    Hayots Ashkharh Daily
    Oct 23 2007
    Armenia

    On October 20, in the evening, Prime Minister Serge Sargsyan left
    for Washington from Los Angeles where he continued his Washington
    meetings. On October 21, the newly appointed Managing-Director
    of International Monitory Fund Dominick Straus-Kan started his
    second working day with a meeting with Armenian Prime Minister Serge
    Sargsyan. At Dominick Straus-Kan's request Serge Sargsyan introduced
    the current tendencies of Armenia's economic development as well as
    the prospects of Armenia-IMF future cooperation.

    In connection with Armenia-IMF future cooperation Prime Minister
    Serge Sargsyan expressed opinion that RA-IMF program that is drawing
    to a close in 2008 must continue. He also underscored that for
    the future reforms Armenian government will advance affectionate
    programs and expects corresponding technical assistance and political
    consultations. The scope of those reforms will include modernization
    of tax and customs administrations, issues of increasing the financial
    sector and economic competitiveness.

    On the second half of the day Prime Minister Serge Sargsyan hosted
    OSCE Minsk Group Co-President Mathews Braise in RA Embassy. During
    the tete-a-tete issues of mutual interest have been discussed.

    On October 21 the Prime Minister had meetings with the heads of the
    World Bank. The first meeting was with the vice-President of the World
    Bank Shigeo Katsu. The Prime Minister expressed satisfaction with
    the present level of the cooperation with the Bank and introduced
    the supremacies adopted by RA government that can become the most
    important directions of the future cooperation with the World Bank.

    The vice-President of the World Bank said Armenia has been recognized
    by International Development Association as a country that has recorded
    high results in terms of economic indexes and pace of reforms and in
    many countries it is introduced by the World Bank as a "successful
    example" of effective reforms. The two sides shared the opinion that
    by transferring from the status of a poor country to the status of a
    country with average income Armenia must continue to actively pursue
    the adopted policy.

    The main topic of the meeting between the Managing Director of
    the World Bank Grim Willy and Prime Minister Serge Sargsyan was the
    prospects of RA economic development. The Prime Minister particularly
    mentioned that the main issue of Armenian government would continue
    to be the provision of high economic growth. But in his opinion it
    is very important for this growth to be visible and essential for
    every inhabitant of Armenia.

    As the main directions of the future cooperation with the World
    Bank the two sides underscored the development of the private
    sector, economic competition and the issue of increasing economic
    competitiveness.
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