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IMF READY TO CONTINUE COOPERATION WITH ARMENIA, LAGARDE
YEREVAN, October 14. / ARKA /. The International Monetary Fund (IMF)
is ready to continue cooperation with Armenia and to help it enforce
more structural reforms, IMF Managing Director Christine Lagarde
said during a meeting with Armenian Prime Minister Hovik Abrahamyan
in Washington, the Armenian government press service said today.
She was quoted as saying that Armenia is a reliable partner and the IMF
will continue to cooperate with it, to promote structural reforms aimed
at economic development of the country. Lagarde also said that "the IMF
is home to all, and Armenia is a full-fledged member of that family."
Abrahamyan, in turn, praised the cooperation between Armenia and the
IMF and the latter's contribution to the economic development and
institutional reforms in Armenia.
"The IMF has been and remains an important partner of Armenia.
Macroeconomic stability has been our most important achievement,
due also to the IMF support," he said.
According to the prime minister, IMF's new three-year development
strategy for Armenia, approved earlier this year by IMF Board of
Directors represents a new stage of development for the Armenian
economy. He expressed confidence that the implementation of this
program will take Armenia closer to 'the camp of countries with
emerging markets."
Abrahamyan said that the government is determined to continue reforms
in various fields, aimed at developing the economy and improving the
country's competitiveness.
On March 7 the Executive Board of the International Monetary Fund
approved a 38-month SDR 82.21 million (about US$127.6 million,
or 89.4 percent of Armenia's quota) Extended Fund Facility (EFF)
arrangement with the Republic of Armenia to support the authorities'
economic program.
The program aims to support a rebound in economic activity, further
progress in poverty reduction, inflation stabilization, and a reduction
in outstanding fiscal and external vulnerabilities. -0-
http://arka.am/en/news/economy/imf_ready_to_continue_cooperation_with_armenia_lag arde/#sthash.alMDdUIB.dpuf
YEREVAN, October 14. / ARKA /. The International Monetary Fund (IMF)
is ready to continue cooperation with Armenia and to help it enforce
more structural reforms, IMF Managing Director Christine Lagarde
said during a meeting with Armenian Prime Minister Hovik Abrahamyan
in Washington, the Armenian government press service said today.
She was quoted as saying that Armenia is a reliable partner and the IMF
will continue to cooperate with it, to promote structural reforms aimed
at economic development of the country. Lagarde also said that "the IMF
is home to all, and Armenia is a full-fledged member of that family."
Abrahamyan, in turn, praised the cooperation between Armenia and the
IMF and the latter's contribution to the economic development and
institutional reforms in Armenia.
"The IMF has been and remains an important partner of Armenia.
Macroeconomic stability has been our most important achievement,
due also to the IMF support," he said.
According to the prime minister, IMF's new three-year development
strategy for Armenia, approved earlier this year by IMF Board of
Directors represents a new stage of development for the Armenian
economy. He expressed confidence that the implementation of this
program will take Armenia closer to 'the camp of countries with
emerging markets."
Abrahamyan said that the government is determined to continue reforms
in various fields, aimed at developing the economy and improving the
country's competitiveness.
On March 7 the Executive Board of the International Monetary Fund
approved a 38-month SDR 82.21 million (about US$127.6 million,
or 89.4 percent of Armenia's quota) Extended Fund Facility (EFF)
arrangement with the Republic of Armenia to support the authorities'
economic program.
The program aims to support a rebound in economic activity, further
progress in poverty reduction, inflation stabilization, and a reduction
in outstanding fiscal and external vulnerabilities. -0-
http://arka.am/en/news/economy/imf_ready_to_continue_cooperation_with_armenia_lag arde/#sthash.alMDdUIB.dpuf