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Armenian Trade Minister For Efforts Toward Stable Economic Developme

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  • Armenian Trade Minister For Efforts Toward Stable Economic Developme

    ARMENIAN TRADE MINISTER FOR EFFORTS TOWARD STABLE ECONOMIC DEVELOPMENT

    ARKA News Agency, Armenia
    March 13 2006

    YEREVAN, March 13. /ARKA/. The efforts being made in Armenia's
    economic sector must be aimed at ensuring the country's stable
    economic development, RA Minister of Trade and Economic Development
    Karen Chshmarityan stated at his meeting with the IMF Resident
    Representative to Armenia James McHugh and IMF executives.

    "There is a necessity of directing efforts in the economic sector to
    ensure Armenia's stable economic development," Chshmarityan said,
    briefing the IMF representatives on the economic reforms being
    implemented in Armenia.

    For these goals to be achieved, the sides pointed out the necessity
    of a number of reforms, particularly, the improvement of the customs
    and tax environment, development of the banking system as a financial
    instrument of business promotion, as well as struggle against shadow
    economy.

    The sides also discussed the current state of Armenia's economic
    development, process of cooperation and future plans.

    For further cooperation to be better organized, Mr McHugh asked the
    Minister to present the main tasks of Armenia's economic strategy.
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