IMF PLANS TO IMPLEMENT LARGE-SCALE PROGRAM IN SOUTH CAUCASIAN
COUNTRIES

YEREVAN, JULY 21, NOYAN TAPAN. During the July 21 meeting with the RA
National Assembly Vice Speaker Tigran Torosian, Deputy Managing
Director of IMF Agustin Carstens expressed an opinion that the one of
the reasons for Armenia’s developing more rapidly than the other
countries of the region is the coordinated cooperation between the
power branches and the flexible economic policy of the government. He
said that certain technical assistance programs to be implemented in
Armenia’s tax and customs spheres have been developed. According to
the RA National Assembly PR Department, A. Carstens stated that the
Fund plans to implement a large-scale program in the South Caucasian
countries in the near future. T. Torosian underlined the importance of
cooperation between Armenia and the IMF, noting that it will produce
good results for the country on its path to the European Union’s
membership.