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IMF Executive Director Considers Impressive Economic growth in Armenia

Yerevan, October 19 – IMF Executive Director Jeroen Kremers qualified as impressive the economic growth in Armenia. At his meeting with RA Prime Minister Andranik Margaryan, he expressed satisfaction with the fact that the economic growth in Armenia is appreciable in the country’s regions as well, through much has to be done. Kremers pointed out that the program of assisting the poverty reduction strategy being implemented by the IMF jointly with Armenia is rather smooth. He expressed a hope for further successful cooperation. The RA Premier informed the guest of Armenia’s further economic development and of the programs of resolving social and economic problems, particularly for the encouragement of small and medium business and creation of favourable conditions for investors.

The sides pointed out a number of opportunities for the development of cooperation. Margaryan expressed the confidence that Kremers’ visit to Armenia will promote the IMF-Armenia cooperation.

Kremers expressed gratitude to the Armenian side for its willingness to hold a meeting of 12 group members in Yerevan in June 2006. He expressed the confidence that the nest study of the Armenia-IMF cooperation program will be successful as well.

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