World is far from overcoming the crisisApril 25, 2009 - 15:34 AMT PanARMENIAN.Net - There are signs that that the pace of deterioration in economic activity and trade flows has eased, US Treasury Secretary Timothy F. Geithner said after a G7 briefing in Washington. "These are encouraging signs, but it's too early to say that the risks have receded," he said.Mr. Geithner finds that it is now an imperative to continue the implementation of the program aimed at overcoming the crisis, RIA Novosti reports. Executive Director of International Monetary Fund (IMF) Dominique Strauss Kahn announced Thursday that the world still has to suffer financial consequences "for several month to come". Earlier this week, the ICF released a report on global stability issues. The report says that the world economy may experience devaluation of over $ 4 trillion , and two thirds of the allowances will be transferred to the bank sector. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | International cybercrime ringleaders arrested in Armenia, Ukraine Europol, Europe's crime agency, has arrested four ringleaders of several cybercrime networks that used botnets. Armenia skips CSTO Defense Ministers meeting A meeting of the Council of Defense Ministers of the Collective Security Treaty Organization countries began in Almaty. Armenian, Iranian foreigh policy chief talk over the phone The Foreign Minister of Armenia once again expressed condolences to his counterpart on the death of the President of Iran. Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. |