IMF forecasts 4% GDP growth and 6% inflation in Armenia by yearend![]() May 19, 2010 - 16:12 AMT PanARMENIAN.Net - Chief of the IMF Mission to Armenia, Mr. Mark Lewis said that due to high rates of economic growth in Armenia over the first three months, the IMF has reviewed its forecasts for the country’s GDP, predicting 4% growth in it. Besides, 6% inflation will be recorded in Armenia in 2010, Mr. Lewis told a press conference in Yerevan. As for the budget deficit, he stressed that revenues of the state budget will increase this year, which will allow securing a lower level of deficit. Earlier, the IMF predicted 1.8% GDP growth and 6.2% inflation in Armenia by the end of 2010. The 2010 national budget envisages 1.2%economic growth and – 4 ± 1.5% inflation in Armenia. ![]() ![]() The International Monetary Fund (IMF) The International Monetary Fund (IMF) is an international organization that oversees the global financial system by following the macroeconomic policies of its member countries, in particular those with an impact on exchange rates and the balance of payments. It is an organization formed with a stated objective of stabilizing international exchange rates and facilitating development.[3] It also offers highly leveraged loans, mainly to poorer countries. Its headquarters are inWashington, D.C., United States. ![]() ![]() Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. ![]() ![]() Partner news | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |