IMF WELCOMES ANTI-CRISIS MEASURES OF ARMENIAN GOVERNMENT
ArmInfo
2009-05-11 17:18:00
ArmInfo. The IMF has positively assessed the anti-crisis measures of
the Armenian government, IMF mission chief for Armenia Mark Lewis
said today when presenting the report "Regional Economic outlook –
Caucasus and Central Asia".
He said that in the conditions of the world economical crisis Armenian
government is conducting "rational" economical policy. He called the
decision of Armenian Central Bank to pass to the flexible currency
policy of the floating rate in March of the current year a positive
step. He also said that after immediate falling of the national
currency the situation at the market normalized and Armenian dram
is stable at present and the inflation pressure has reduced. The
IMF positively assesses the fact that in the conditions of crisis
Armenian government is trying to conduct not only harsh monetary
policy but also the budgetary one. It is very much important that
in the crisis conditions the government continues making structural
reforms, in particular, tax reforms, as the share of the tax revenues
in the GDP is still small in Armenia, Mark Lewis said.