ARKA News Agency, Armenia
July 22 2005

RAPID DEVELOPMENT OF ARMENIA’S ECONOMY CONDITIONED BY COORDINATED
COOPERATION OF ALL BRANCHES OF POWER: IMF REP

YEREVAN, July 22. /ARKA/. One of the conditions of the rapid
development of Armenia’s economy is coordinated cooperation of all
branches of power and implementation of a flexible economic policy,
the RA NA Public Relations Department reports referring to the IMF
Deputy Managing Director Agustin Carstens, who met with RA NA
Vice-Speaker Tigran Torosyan. Carstens reported that certain programs
of technical assistance to Armenia have already been elaborated, and
they will be implemented in tax and customs spheres. He also said
that the IMF will shortly implement a large-scale program in the
South Caucasian countries.
In his turn, Vice-Speaker Torosyan pointed out the importance to
Armenia’s cooperation with the IMF, especially in the aspect of
Armenia’s long-term plans of entering the EU. “Cooperation between
Armenia and the IMF in this direction may produce good results.
Armenia is the only post-Soviet country that has registered economic
indicators close to those of the EU member-countries”, Torosyan said.
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