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James Mckew: Next Agreement Between Armenia and IMF...

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  • James Mckew: Next Agreement Between Armenia and IMF...

    JAMES MC.KEW: NEXT AGREEMENT BETWEEN ARMENIA AND IMF TO BE SIGNED WITH NO DIFFICULTIES

    AZG Armenian Daily #141, 28/07/2006

    Meeting

    RA PM Andranik Margarian met with James Mc.Kew, Permanent
    Representative of the International Monetary Fund in Armenia. The press
    service of RA Government informed that RA PM gave positive evaluation
    to Armenia's cooperation with IMF in the course of Mc. Kew's mission
    in Armenia. Margarian said that IMF and Armenia managed to settle a
    number of issues in these years thanks to their cooperation.

    In his turn, Mc.Kew, pointed out a number of positive changes in the
    social-economic sphere. He stated that such problems as the government
    debts for salaries and pensions, as well as high level unemployment
    existing in 2002, were settled. Mc.Kew also represented the further
    programs of IMF, particularly, the monitoring of RA Government's
    implementation of its commitments, the monitoring of the financial
    sector, the statistics, as well as rendering technical assistance.
    Mc.Kew stated that the next agreement between Armenia and IMF will be
    easily signed, as, according to preliminary evaluation, the structural
    reforms in Armenia will soon be completed, while the economic growth
    surpassed the planned level.

    In his turn, Margarian underscored that the IMF programs coincide
    with the country's priorities for development.
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