IMF says Armenian authorities should do “Much more” to reform the country’s business environment
15.12.2011
YEREVAN, December 15. /ARKA/. The Armenian authorities should do “much more” to reform the country’s flawed business environment and thus foster continued economic growth,” Guillermo Tolosa, the IMF’s resident representative in Yerevan, told RFE/RL’s Armenian service.
“There have been some improvements in the business environment but still we think that much more needs to be done. Especially in the current conditions Armenia faces an increasingly pessimistic and adverse global environment. Armenia always faces a very difficult geopolitical situation. So the country cannot afford anymore to have the difficult business environment that it now has,” he warned.
Tolosa reaffirmed IMF warnings that Armenia could be adversely affected by Europe’s sovereign debt crisis if it slows economic growth in Russia and causes international commodity prices to fall. But he said the fund still thinks that the Armenian economy is “most likely” to grow by about 4 percent next year.
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IMF approves $56.1 million disbursement for Armenia
13.12.2011
The Executive Board of the International Monetary Fund (IMF) has completed its third review of Armenia’s economic performance under a program supported by Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements, according to the press release received from the IMF.
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IMF official says making forecasts about dram’s behavior extremely difficult
15.04.2011
IMF Resident Representative to Armenia, Guillermo Tolosa, said today it was extremely difficult to make forecasts about the behavior of Armenia’s national currency, the dram.
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IMF says Armenian economy set to grow by 4.6 percent this year
15.04.2011
The Armenian economy is set to grow by 4.6 per cent this year, Guillermo Tolosa, the International Monetary Fund (IMF) Resident Representative, said.
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Global imbalances back, IMF Managing Director warns
14.02.2011
Global imbalances back, IMF Managing Director Dominique Strauss-Kahn warns.
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IMF Resident Representative Finds Loan Interest Rates In Armenia Too High
20.12.2010
IMF newly appointed Resident Representative to Armenia, Mark Horton, finds loan interest rates in Armenia too high.
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IMF: Value Of Armenian Dram Somewhat Overestimated
20.12.2010
IMF newly appointed Resident Representative to Armenia, Mark Horton, said today that value of Armenian dram has been somewhat overestimated.
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IMF Predicts 9-10% Full Year Inflation For Armenia
17.12.2010
Mark Horton, IMF newly appointed Resident Rrepresentative in Armenia, said today the full-year inflation will be within 9-10%.
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IMF pledges support for Armenian government’s programs
16.12.2010
Mark Horton, newly appointed head of IMF mission in Armenia, and Guillermo Tolosa, IMF resident representative in Armenia met with Tigran Sargsyan, Armenian prime minister, in Yerevan on Wednesday.
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