IMF says ready to support reforms in ArmeniaFebruary 26, 2019 - 12:15 AMT PanARMENIAN.Net - The International Monetary Fund is ready to assist Armenia in achieving reforms currently underway in the country, IMF Executive Director Richard Doornbosch said at a meeting with Prime Minister Nikol Pashinyan Monday, February 25. Meeting in Yerevan, Pashinyan said the government prioritizes the continued cooperation with the IMF and is keen to build on the constructive ties of partnership. The IMF Executive Director said that Armenia is a reliable partner for the International Monetary Fund and that the IMF is ready to assist the government in achieving the reforms underway in different directions. The two next discussed the prospects for developing cooperation. Touching upon the government’s reform agenda, the Prime Minister stressed the role of high technologies in the overall structure of the economy, the Tax Code reform and the promotion of micro businesses, the regulation of business environment, the reform of public administration and education systems, and the anti-corruption policy. Pashinyan said the change in the structure of the economy and the promotion of high technologies will help Armenia grow into a technological country and shape an export-oriented economy, considering the huge potential available in the IT sector. According to the Prime Minister, his government’s task is to create opportunities in Armenia and to stimulate entrepreneurship so that people could realize their individual potential and contribute to the country’s development. Emphasizing the need for building institutional and expert capacity, the head of the Armenian government highlighted the assistance of international organizations, including the IMF. Doornbosch said the IMF is ready to discuss ways of supporting the reforms underway in the areas mentioned by the Prime Minister of the Republic of Armenia. Reaffirming his willingness of cooperation, Prime Minister Pashinyan suggested developing specific action plan jointly with the heads of relevant government departments. Top stories 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 | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |