EFFECTIVE REFORMS ONLY RIGHT PATH OF DEVELOPMENT FOR ARMENIA

ARKA
19/09/2007 21:46

Effective reforms are the only right path of development for Armenia,
Armenian president Robert Kocharian said at his meeting with the
Deputy Director of the Department for East and Central Asia of the
International Monetary Fund (IMF) Lorenzo Peres and the Head of IMF
Armenian mission Martha Castello-Branko.

The President pointed out the effective cooperation between IMF and
Armenia and expressed his gratitude for the assistance made by the
Fund in the process of large-scale reforms. "We are strongly determined
to continue the reforms," he said.

Armenia’s main task now is the transfer to the new level of the reforms
where economic competition and attraction of new investments is to be
ensured, Peres said. He attached importance to efficient management
and increasing the tax collection level.

The Armenian president reported the works on toughening the tax
administration.

The sides also discussed the development of the capital market and
support to small and medium businesses.