IMF Press Statement at the Conclusion of the Visit of Mr. Agustín Carstens to Armenia
Fuente: International Monetary Fund (IMF)
http://www.imf.org/
/noticias.info/ Mr. Agustín Carstens, Deputy Managing Director of the International Monetary Fund, issued the following statement today in Yerevan at the conclusion of his visit to Armenia.
"I am pleased to be in Armenia for the first time. The purpose of my visit was to meet with the Armenian authorities and review the impressive progress they have achieved over the past several years.
[...]
"Armenia is on a promising path toward sustained high growth and the alleviation of poverty. The IMF has supported the government's reform efforts under successive concessional arrangements. [...]"
[...]
"The immediate challenge faced by the authorities is how to cope with the increase in remittances and capital inflows. The central bank is to be commended for its handling of these inflows and preventing inflation from being reignited.[...]"
[...]
"[...] We agreed on the need to move forward with Government's Tax Action Plan, in particular the forthcoming review of customs operations aimed at improving transparency and reducing discretion. More generally, the main challenge facing the Armenian economy is the need to improve the business climate, which is necessary to spur investment."
"Armenia has taken important steps to modernize its financial system. I support the monetary authorities' efforts to consolidate these gains, especially by continuing to strengthen financial sector supervision, fostering a competitive environment in the sector, and deepening and broadening financial markets. [...]"
"[...] The IMF stands ready to continue to assist Armenia with policy and technical advice, as well as financial support in implementing its reform agenda, and I wish the authorities success in this endeavor."
Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.
http://www.imf.org/
/noticias.info/ Mr. Agustín Carstens, Deputy Managing Director of the International Monetary Fund, issued the following statement today in Yerevan at the conclusion of his visit to Armenia.
"I am pleased to be in Armenia for the first time. The purpose of my visit was to meet with the Armenian authorities and review the impressive progress they have achieved over the past several years.
[...]
"Armenia is on a promising path toward sustained high growth and the alleviation of poverty. The IMF has supported the government's reform efforts under successive concessional arrangements. [...]"
[...]
"The immediate challenge faced by the authorities is how to cope with the increase in remittances and capital inflows. The central bank is to be commended for its handling of these inflows and preventing inflation from being reignited.[...]"
[...]
"[...] We agreed on the need to move forward with Government's Tax Action Plan, in particular the forthcoming review of customs operations aimed at improving transparency and reducing discretion. More generally, the main challenge facing the Armenian economy is the need to improve the business climate, which is necessary to spur investment."
"Armenia has taken important steps to modernize its financial system. I support the monetary authorities' efforts to consolidate these gains, especially by continuing to strengthen financial sector supervision, fostering a competitive environment in the sector, and deepening and broadening financial markets. [...]"
"[...] The IMF stands ready to continue to assist Armenia with policy and technical advice, as well as financial support in implementing its reform agenda, and I wish the authorities success in this endeavor."
Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.
posted by Vahe Balabanian at 4:48 AM
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