Prime Minister Hovik Abrahamyan met with representatives of the International Monetary Fund (IMF), the World Bank (WB) and entrepreneurs Wednesday, Dec 17 to discuss current situation as the financial market, according to Panorama.am.

As the official noted at a cabinet meeting on Thursday, the international partners fully support the Armenian government’s efforts aimed at stabilization of the financial market.

According to the PM, though stabilization tendency was observed on the financial market today (Dec 18) and yesterday, the government remains concerned about high margin at currency exchange points and price hikes on the consumer market. In particular, he said, prices for sugar, flour and some other foods rose yesterday.

In this context, Abrahamyan instructed head of the State Commission for the Protection of Economic Competition Artak Shaboyan to monitor the situation and brief him on the results every day.

“The government will not tolerate unfounded price hike,” he said.