DEPUTY MANAGING DIRECTOR OF IMF: SOUND MONETARY POLICY IS CONDUCTED IN ARMENIA

Noyan Tapan

Nov 21, 2008

YEREVAN, NOVEMBER 21, NOYAN TAPAN. A delegation headed by the
Deputy Managing Director of the International Monetary Fund Murilo
Portugal is in Yerevan with the aim of participating in the jubilee
events dedicated to the 15th anniversary of the Armenian national
currency. The delegation was received by the Armenian Prime Minister
Tigran Sargsyan on November 21.

At the beginning of the meeting, M. Portugal stated that the jubilee
of the Armenian national currency bears evidence of the sound monetary
policy that Armenia has conducted so far.

As NT was informed by the RA Government Information and PR Department,
the possible developments related to the global financial and economic
crisis amd the measures to reduce their impact on Armenia were
discussed at the meeting. The prime minister presented the government
approaches and policy which are based on the use of the instruments
for maintaining the macroeconomic indices and the financial sector’s
stability and encouraging economic growth.