IMF: Armenia should maintain floating rate policyApril 10, 2009 - 22:34 AMT PanARMENIAN.Net - The influence of the global economic crisis on Armenia and other crisis is similar, IMF regional Director said. "A slowdown in world economic will affect Armenia. Another negative factor is the decrease of private transfers and volumes of direct foreign investments," IMF Middle East and Central Asia Department Masud Ahmed told an economic conference in Yerevan. He emphasized that Armenia should maintain the floating rate policy. "Many countries reacted to the crisis with national currency devaluation," he said. 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 | Turkey condemns Uruguay’s recognition of Armenian Genocide Turkey has condemned a newly passed law in Uruguay that recognizes the Armenian Genocide, TRT reports. For the first time, Armenia votes in favor of Georgia resolution in UN Armenia on Tuesday, June 4 voted for the first time in favor a resolution adopted by the United Nations General Assembly. Moscow warns Armenia against leaving Russian-led defense bloc Armenia could ruin its military ties with Russia if it continues drifting towards the West, according to a senior official in Moscow. Moscow says ready to support Yerevan-Baku reconciliation Moscow has confirmed its readiness to support the reconciliation of Yerevan and Baku. |