ARMINFO News Agency, Armenia
 Monday


IMF Tao Zhang: we need to continue diversification and modernization
of Armenian economy

Yerevan June 12

Karina Meliqyan. It is necessary to continue diversifying and
modernizing the Armenian economy, Deputy Managing Director of the
International Monetary Fund Zhang Tao expressed such an opinion
congratulating Armenia on the 25th anniversary of membership in the
IMF.

"During these 25 years, Armenia has made significant progress in
ensuring macroeconomic stability, namely, satisfactory rates of
economic growth, inflation targeting, and relatively good fiscal
policy management. We are proud that we give consultations to such a
partner as Armenia, we provide technical and financial assistance to
regulate the economy and create more solid bases for economic growth",
the IMF Deputy Managing Director said, adding that the cooperation
with Armenia and the willingness to continue will continue.

To note, the members of the Dutch group at the IMF and the Belgian
group with the World Bank are Bulgaria, Israel, Luxembourg, Romania,
Ukraine, Belgium, Armenia, Bosnia and Herzegovina, Croatia, Cyprus,
Georgia, Macedonia, Moldova, Montenegro, the Netherlands. Menno Snel,
who represents the interests of the member countries in the Executive
Council of the IMF, heads the group. The meetings of this group
involve high- level officials and leading experts of the global
financial system.