Richard Doombosch: IMF Ready to Assist Armenia in Implementation of Reforms

On Monday February 25, 2019, Prime Minister of Armenia Nikol Pashinyan received the Executive Director at International Monetary Fund Richard Doombosch. Pashinyan noted that the Government of Armenia attaches importance to continuous cooperation with the IMF and is interested in further deepening of constructive partnership.

According to the IMF Executive Director, Armenia is a reliable partner for the IMF and the IMF is ready to provide assistance to the Government of Armenia in order to succeed in implementing the reforms initiated indifferent directions. The interlocutors discussed prospects for expanding and developing cooperation. PM Pashinyan referred to the reform agenda of the government of Armenia, speaking about high technology promotion in the structure of the economy, reforms of the Tax Code, creation of micro business, facilitation of business environment, reform of public administration and education systems, and activities under anti-corruption policy.

Pashinyan noted that by the change of the structure of the economy and promoting the use of high technologies in various sectors, the government aims at positioning Armenia as a technological country and taking into account the huge potential in the IT sphere, to form an export oriented economy. According tot he Prime Minister, the government’s task is to create opportunities in Armenia and to stimulate entrepreneurship so that everyone can realize their potential and contribute to the country’s development.

Emphasizing the need for institutional and expert capacities for the success of reforms, the head of the government highlighted the relevant assistance of international partner institutions, including the IMF. Doombosch noted that the IMF is ready to discuss the possibilities of assisting the implementation of reforms in the areas mentioned by the Prime Minister of the Republic of Armenia.

Reaffirming the willingness of the cooperation, Prime Minister Pashinyan suggested discussing concrete steps with relevant state bodies.

This entry was posted in News. Bookmark the permalink.