PRESIDENT SERZH SARGSYAN RECEIVED THE IMF DEPUTY MANAGING DIRECTOR MURILO PORTUGAL

armradio.am
22.11.2008 11:28

President Serzh Sargsyan received the IMF Deputy Managing Director
Murilo Portugal and his delegation, President’s Press Office reported.

The President of Armenia hailed the IMF’s efforts in assisting our
country in fostering economic development and stability and noted
that without that assistance Armenia wouldn’t be able to achieve
great success.

Serzh Sargsyan expressed satisfaction with the recent approval
by the IMF Managing Council of the Poverty Reduction and Economic
Growth Program.

Noting, that in the recent fifteen years Armenia has made a
considerable economic progress and recorded an impressive growth,
Murilo Portugal said that he was happy to be Armenia’s partner and
to contribute to this success with both financial assistance and
technical expertise.

At the meeting the two sides spoke also about the global financial
and economic crisis. The IMF Deputy Managing Director said that
the crisis poses serious challenges for every country. The parties
exchanged views on the fortification of the Armenian economy in the
existing circumstances, on the steps undertaken by the Government
to mitigate impacts of the crisis, and possibility of employing
additional methods. The President of Armenia said that the existing
difficulties serve as an additional stimulus for reinforcing the tax
policy and administrative reforms, and increasing efficiency of the
governing structures.