ARMENIA-IMF TALKS FOCUS ON GROWTH, AID PROSPECTS
CISTran Finance
Feb 16 2015
February 16, 2015 5:00 AM
By CISTran Finance Reports
Armenian Prime Minister Hovik Abrahamyan met with a delegation from
the International Monetary Fund (IMF) on Thursday to discuss the
current state of the economy and future collaborative efforts.
Mark Horton led the IMF delegation, stressing that projects aimed at
increasing growth should be considered a priority so the country can
meet the changing international economic climate.
Abrahamyan said economic activity grew 3.9 percent in 2014, fueled
by the agriculture, service and industrial sectors. He also said the
government plans to implement reforms that allow for a healthier
business environment that facilitates growth. He also called for
measures to promote exports and investment opportunities.
During the meeting, both sides also discussed the potential for future
support from the IMF through the fund’s Extended Fund Facility and
Extended Credit Facility programs. Other changes and enhancements on
taxes, customs and other cooperative possibilities also were discussed.