YEREVAN, March 21. /ARKA/. Armenia Minister of Economic Development and Investments Suren Karayan met on Wednesday with an International Monetary Fund (IMF) team, led by the head of the IMF Armenia Mission Hossein Samiei to discuss the IMF’s new program for Armenia, which the ministry described in a press release as ‘unique in its content’ in view of Armenia’s progressive economic development.

The parties stressed that the program can serve as a positive impetus for new investment.
Karayan was said to have singled out the unprecedented high economic growth registered in 2017, stressing also the need for ongoing investment.

According to the minister, the IMF is a constant partner in these processes. The importance of the ongoing reforms was emphasized in the context of ensuring higher economic growth rates.

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The Executive Board of the International Monetary Fund (IMF) said it completed December 7 the fourth review of Armenia’s performance under a three-year arrangement under the Extended Fund Facility (EFF).

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The International Monetary Fund (IMF) said its mission led by Mark Horton visited Armenia during December 9-18 to continue discussions on a possible new 38-months Extended Fund Facility (EFF) arrangement

Categories: Economy @en, General news, News, News of the hour | Comments Off on New IMF program to aim at consolidating Armenia’s stability

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