Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Tuesday, March 19, 2019

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 International Monetary Fund

Want to get notified whenever we write about any of these organizations ?
Next time we write about any of these organizations, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.