Armenian premier receives IMF delegation.

Armenian Prime Minister Tigran Sargsyan held a meeting on Tuesday with a delegation of the International Monetary Fund (IMF) led by Head of the IMF Mission to Armenia Mark Horton.

The sides discussed the priorities of Armenia’s economic policy and economic development prospects.

Mr Horton presented the implementation of the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) programs and results of the IMF mission’s visits.

He pointed out that the mission had proved a success, and all the tasks had been accomplished. Late last year, the program showed high performance, with excellent budget performance registered.

Mr Horton also welcomed measures to improve social budget performance. He noted efficient provision of reserves.
The IMF is ready to render further assistance to Armenia in meeting challenges, he said.

The Armenian government is happy about the high appraisals of the program made by the IMF mission. “During the next few years, our priority macroeconomic task will be to raise private investment levels, with our new industrial policy to facilitate the process,” the Armenian premier said.

The head of the MF mission in Armenia welcomed the consistent reforms aimed at ensuring transparent administration at Armenia’s State Revenue Committee, as well as social reforms.

In this context, Premier Tigran Sargsyan noted that pension reforms are among the government’s priorities.

The sides also discussed a wide range of issues of bilateral cooperation.