IMF TO REVIEW 2010 FORECASTS FOR ARMENIA

PanARMENIAN.Net
April 22, 2010 – 15:18 AMT 10:18 GMT

The International Monetary Fund will have to review its 2010 forecasts
for Armenia, where the first quarter results exceeded expectations,
Prime Minister Tigran Sargsyan said.

"It means that the global economy recession is retreating," he said,
adding that heads of Russian and Ukrainian governments made similar
statements the other day.

"5% economic growth was registered in the countries whose economy
has an impact on ours," the PM noted. "The rate will be maintained in
Russia, thus creating a favorable atmosphere for private investments
and export."