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Thursday, September 21, 2017

Armenia-IMF talks focus on growth, aid prospects

Armenian Prime Minister Hovik Abrahamyan

Armenian Prime Minister Hovik Abrahamyan met with a delegation from the International Monetary Fund (IMF) on Thursday to discuss the current state of the economy and future collaborative efforts.

Mark Horton led the IMF delegation, stressing that projects aimed at increasing growth should be considered a priority so the country can meet the changing international economic climate.

Abrahamyan said economic activity grew 3.9 percent in 2014, fueled by the agriculture, service and industrial sectors. He also said the government plans to implement reforms that allow for a healthier business environment that facilitates growth. He also called for measures to promote exports and investment opportunities.

During the meeting, both sides also discussed the potential for future support from the IMF through the fund's Extended Fund Facility and Extended Credit Facility programs. Other changes and enhancements on taxes, customs and other cooperative possibilities also were discussed.

Organizations in this story

Government of Armenia Republic Square, Government House 1, 0010 Yerevan, Republic of Armenia

International Monetary Fund 700 19th Street, N.W., Washington, D.C. - 20431

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