YEREVAN, May 20. \/ARKA\/. Armenian President Serzh Sargsyan thinks that Armenia will enjoy economic recovery this year.<\/p>\n
He thinks that indicators of the first four months of this year give ground for thinking so.<\/p>\n
\u201cAlong with that, we should continue reforms this year,\u201d the presidential press office quoted the head of state as saying Wednesday at his meeting with Mark Lewis,<\/p>\n
IMF\u2019s<\/em> <\/em>mission chief to Armenia, and Guillermo Tolosa, the IMF resident representative in Armenia.<\/em> <\/em><\/p>\n Sargsyan expressed appreciation of <\/em>Lewis<\/em>\u2019 <\/em>visit<\/em> <\/em>to<\/em> <\/em>Armenia<\/em> saying that the IMF representative has already met with the government and the central bank officials and reached an accord on a program based on particular arrangements.<\/em><\/em><\/p>\n Lewis informed the Armenian president about arrangements made between the IMF and the country\u2019s government on a three-year financing and crediting program.<\/p>\n At their meeting, the Armenian president and the chief of IMF mission discussed key focuses of Armenia\u2019s economic policy steps to be taken to spur the country\u2019s economic development.<\/p>\n Lewis said that although economic environment is still adverse, but Armenia\u2019s economy is gradually recovering, its financial sector is quite firm and state funds are run properly.<\/p>\n Inflation, business environment and poverty reduction were among the issues under discussion.<\/p>\n Lewis informed Sargsyan about criteria of support under the new cooperation program to be approved by the IMF executive board.<\/p>\n The executive board will consider this $392 million available financing program in late June.<\/p>\n Under this program, Armenia will get loans on more advantageous conditions than under Stand-By Arrangement. —0—<\/p>\n","protected":false},"excerpt":{"rendered":" Armenian President Serzh Sargsyan thinks that Armenia will enjoy economic recovery this year.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12688,12172,12206,12449,12757],"class_list":{"0":"post-11438","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-armenia-2","9":"tag-armenia-analyst-inflation","10":"tag-economy-en","11":"tag-president","12":"tag-recovery","13":"tag-usa"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/11438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=11438"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/11438\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=11438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=11438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=11438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}