IMF Says Ready To Send Fiscal Expert To Armenia

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IMF SAYS READY TO SEND FISCAL EXPERT TO ARMENIA

ARKA
Nov 24, 2008

YEREVAN, November 24. /ARKA/. The International Monetary Fund (IMF)
stand ready to send a fiscal expert to Armenia to help the government
reform the tax system, Deputy Managing Director Murilo Portugal
reported Saturday at a press conference in Yerevan.

The RA Government had applied to IMF for assistance, and the fund
decided to send an expert to Armenia, Portugal said, adding IMF needs
time to choose a specialist who will be able to assist the Armenian
government in carrying out tax reforms.

The IMF representative stressed the importance of tax reforms in
creating equal opportunities for market participants and boosting the
country's financial system. Having an effective tax system, Armenia
will be able to combat shadow economy, according to Portugal. The IMF
expert will focus on the existing problems in the country's tax system.

Armenia launched tax and customs reforms this year, among which was
reorganization of the tax and customs services into the State Revenue
Committee.