Ex-foreign minister Vardan Oskanyan responds RA Prime Minister Tigran Sargsyan.

Ex-foreign minister, member of Prosperous Armenia Party Vardan Oskanyan has touched upon RA Prime Minister Tigran Sargsyan's statements during today's government session on his Facebook page.

"I read that the Prime Minister touched upon and to a certain extent responded to the criticism that I had made regarding Armenia's economic policy during the election campaign.

It is painful to see that the Prime Minister has chosen an "easy" way of coming back by viewing the criticism as "illiterate" for no reason, when my commentaries, analyses and criticism during the election campaign were probably the rarest in terms of content and were related to the social-economic issues that concern the people the most.

I wouldn't like to get into a dispute with the Prime Minister. It is suffice to go out to the street, talk to citizens, get acquainted with the government's statistics to find out the results of the government's "literate" policy.

I would like to inform the Prime Minister and his team that today's global trends are such that even the centralization of central banks on moderating the inflation rate are becoming history.

Based on the current global economic state and the imperative for economic growth, central banks are making the transition from the monitoring of the inflation rate to the monitoring of the GDP, which assumes that central banks must combine the economic growth and the moderation of the inflation rate. I suggest reading the article "The Death of Inflation Targeting" published by Professor of the University of Harvard, economic advisor to former U.S. President Bill Clinton, Jeffrey Frankel, which is posted on Project Syndicate website.

The above mentioned establishes my view that making economic growth the main target is the imperative for Armenia. This means creating jobs, raising the living standard, viewing all other macroeconomic issues in this context and taking into account that all international organizations stress that in the long run, there are serious risks for Armenia's economy and the latter is still in a state of uncertainty."