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IMF Considers Cooperation With Armenian Authorities Successful

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  • IMF Considers Cooperation With Armenian Authorities Successful

    IMF CONSIDERS COOPERATION WITH ARMENIAN AUTHORITIES SUCCESSFUL

    ARKA
    Feb 28, 2008

    YEREVAN, February 28. /ARKA/. International Monetary Fund (IMF)
    considers its cooperation with the Armenian authorities successful,
    says the message of IMF Executive Director Dominique Strauss-Khan on
    the victory of Serge Sargsian in the presidential elections held in
    Armenia on February 19.

    Strauss Khan also pointed out that through IMF-supported programs
    and technical assistance help implement promising structural reforms
    bringing to substantial economic growth.

    "Having in mind the talk we had in Washington in October, I am
    convinced that we will maintain good relations also during your rule. I
    would like to confirm our readiness to continue cooperation with your
    government to achieve increase in economic growth," Strauss Khan said
    and wished Serge Sargsian new achievements.

    Over thirteen years of cooperation IMF provided approximately $360mln
    credit funds with 80% of them extended for 5.5-10 years at annual of
    0.5%.
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