JAMES MC.KEW: NEXT AGREEMENT BETWEEN ARMENIA AND IMF TO BE SIGNED WITH NO DIFFICULTIES

AZG Armenian Daily #141, 28/07/2006

Meeting

RA PM Andranik Margarian met with James Mc.Kew, Permanent
Representative of the International Monetary Fund in Armenia. The press
service of RA Government informed that RA PM gave positive evaluation
to Armenia’s cooperation with IMF in the course of Mc. Kew’s mission
in Armenia. Margarian said that IMF and Armenia managed to settle a
number of issues in these years thanks to their cooperation.

In his turn, Mc.Kew, pointed out a number of positive changes in the
social-economic sphere. He stated that such problems as the government
debts for salaries and pensions, as well as high level unemployment
existing in 2002, were settled. Mc.Kew also represented the further
programs of IMF, particularly, the monitoring of RA Government’s
implementation of its commitments, the monitoring of the financial
sector, the statistics, as well as rendering technical assistance.
Mc.Kew stated that the next agreement between Armenia and IMF will be
easily signed, as, according to preliminary evaluation, the structural
reforms in Armenia will soon be completed, while the economic growth
surpassed the planned level.

In his turn, Margarian underscored that the IMF programs coincide
with the country’s priorities for development.