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IMF Intends To Continue Support To Armenia Under New Premier

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  • IMF Intends To Continue Support To Armenia Under New Premier

    IMF INTENDS TO CONTINUE SUPPORT TO ARMENIA UNDER NEW PREMIER

    ARKA
    April 16, 2008

    YEREVAN, April 16. /ARKA/. International Monetary Fund (IMF) intends
    to continue its support to the new premier of Armenia Tigran Sargsian
    (previously the Chairman of the Central Bank of the country) in
    implementation of economic policy and reforms. This statement is
    made in the letter of congratulation sent to the new premier by IMF
    Managing Director Dominquez Strauss-Kann.

    During the 10-year chairmanship of Tigran Sargsian in the Central Bank
    of Armenia numerous important reforms have been implemented, including
    the ones on mitigation of inflation, application of efficient banking
    control system, development of legislation and anti-money laundering
    measures, says the message.

    The document says that accented loyalty of Tigran Sargsian to
    continuous reforms and intellectual management principles have made
    substantial contribution in successfully overcoming current challenges
    faced by the Armenian Government, the document says.

    Strauss-Kann stressed that the IMF have worked with the Armenian
    authorities in economic policy and reforms for 15 years and expressed
    confidence that the Prime-Minister will keep up high level and achieve
    the targets set.
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