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IMF Plans Large-Scale Program in South Caucasian Countries

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  • IMF Plans Large-Scale Program in South Caucasian Countries

    IMF PLANS TO IMPLEMENT LARGE-SCALE PROGRAM IN SOUTH CAUCASIAN
    COUNTRIES

    YEREVAN, JULY 21, NOYAN TAPAN. During the July 21 meeting with the RA
    National Assembly Vice Speaker Tigran Torosian, Deputy Managing
    Director of IMF Agustin Carstens expressed an opinion that the one of
    the reasons for Armenia's developing more rapidly than the other
    countries of the region is the coordinated cooperation between the
    power branches and the flexible economic policy of the government. He
    said that certain technical assistance programs to be implemented in
    Armenia's tax and customs spheres have been developed. According to
    the RA National Assembly PR Department, A. Carstens stated that the
    Fund plans to implement a large-scale program in the South Caucasian
    countries in the near future. T. Torosian underlined the importance of
    cooperation between Armenia and the IMF, noting that it will produce
    good results for the country on its path to the European Union's
    membership.
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