Imf Excited About Preconditions Of Tax Reforms In Armenia

IMF EXCITED ABOUT PRECONDITIONS OF TAX REFORMS IN ARMENIA

ARKA
June 17

International Monetary Fund (IMF) is excited about
the preconditions of tax reforms set in the program of Armenian Government.

The preconditions are in harmony with the IMF-suggested principles,
said the Head of IMF mission in Armenia Marta Castello-Branco at her
meeting with Armenian Premier Tigran Sargsian. Among participants
at the meeting were Resident Representative of IMF in Armenia Nienke
Oomes and representatives of IMF office in Yerevan.

The sides discussed macroeconomic policy of Armenia and the structural
reforms in the country, the Press Service of Armenian Government
reported.

The IMF report on tax reforms in the country was presented at the
meeting.

According to the representatives of the IMF mission, the program on tax
reforms is quite complete and aims at reducing poverty, maintaining
economic growth rates and reducing corruption. According to them,
now it is the time to implement all the above in an interconnected
manner taking into account the comments and recommendations mentioned
in the report.

The participants stressed the importance of informing the public on
the logics of the reforms on time and in an accessible manner. Armenian
Premier thanked the IMF representatives for the report and appreciated
the comments that provide a basis for further Armenia-IMF cooperation.

Among participants at the meeting were Advisor to President on economic
issues Vahram Nersisiants, Ministers of Economy and Finance Nerses
Yeritsian and Tigran Davtian, the Chief of the State Taxation Service
Vahram Barseghian, the Chairman of the Central Bank of Armenia Artur
Javadian and the Head of Standing Parliament Commission on Economic
Issues Vardan Ayvazian.