IMF: open borders can whip up Armenian economy
The International Monetary Fund hopes that open borders will be a perfect stimulus for Armenia's economy.
"Armenia is still a transition economy with ongoing market processes," Ms. Nienke Oomes, IMF Resident Representative in Armenia, told reporters in Yerevan today.
"There is a large number of market mechanisms but the country is not competitive enough," she said.
Armenia's competitiveness index has not changed. The country is 97th in the list of 133 countries of the world.
"Armenia is still a transition economy with ongoing market processes," Ms. Nienke Oomes, IMF Resident Representative in Armenia, told reporters in Yerevan today.
"There is a large number of market mechanisms but the country is not competitive enough," she said.
Armenia's competitiveness index has not changed. The country is 97th in the list of 133 countries of the world.
