Mon, 3 March
-0.9 C
Yerevan
USD: 393.35 RUB: 4.45 EUR: 409.08 GEL: 140.73 GBP: 495.31
spot_img

IMF ready to discuss ways of supporting reforms in Armenia

YEREVAN, February 26. /ARKA/. Armenian Prime Minister Nikol Pashinyan received Monday Richard Doornbosch, Executive Director at International Monetary Fund, the prime minister’s press office reports.
The premier said that the Armenian government attaches importance to continued cooperation with the IMF and is keen to build on the constructive ties of partnership.

The IMF executive director, in his turn, said that Armenia is a reliable partner for the International Monetary Fund and that the IMF is ready to assist the Government of Armenia in implementation of reforms in different directions. Pashinyan and Doornbosch discussed prospects for developing the cooperation.

Speaking about government’s reform agenda, the Armenian premier highlighted the role of high technologies in the overall structure of the economy, the Tax Code reform and the promotion of micro businesses, the regulation of business environment, the reform of public administration and education systems, and the anti-corruption policy.

Nikol Pashinyan said that the change in the structure of the economy and the promotion of high technologies will help Armenia to grow into a technological country and shape an export-oriented economy, considering the huge potential available in the IT industry.

According to the prime minister, his government’s task is to create opportunities in Armenia and to stimulate entrepreneurship so that people could realize their individual potential and contribute to the country’s development.

Pointing out the need for building institutional and expert capacity, the head of the Armenian government stressed the importance of the assistance of international organizations, including the IMF.
Richard Doornbosch said the IMF is ready to discuss ways of supporting the reforms underway in the areas mentioned by the Armenian prime minister.

Reaffirming his willingness of cooperation, Prime Minister Pashinyan suggested developing specific action plan jointly with the heads of relevant government departments. -0—

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

ADB invested $132 million in Armenia in 2024 and approved financing for  two projects in 2025 worth $307 million

The Asian Development Bank (ADB) invested $132 million in Armenia in 2024, of which $96.7 million was invested in the public sector, $30 million in private sector projects, and $5.3 million in technical assistance, Narine Mehrabyan, ADB Public Relations and Communications Officer, told ARKA.

C-QUADRAT AAM Armenia CEO: Investments in Formula VC venture fund will develop Armenia’s technological future

The unprecedented decision of the C-QUADRAT Ampega Asset Management Armenia pension fund to invest $1 million in the Formula VC venture fund in 2024 is very important for Armenia, said Arman Vardanyan, CEO of C-QUADRAT Ampega Asset Management Armenia, summing up the results of a year of cooperation with the Formula VC venture fund.

New Armenian Formula VC II fund invests $30 mln in 40 tech startups with Armenian roots around the world

Armenian Formula VC fund announced the launch of Formula VC II fund on Thursday. 

LATEST NEWS

spot_imgspot_imgspot_img