Wednesday, April 12 2017 16:52
Alexandr Avanesov

Armenian Prime Minister: 5 year term development program is modified in Armenia

Armenian Prime Minister: 5 year term development program is modified in Armenia

ArmInfo. Armenian Government's activities, head by Prime Minister Karen Karapetyan got positive respond, Armenian Government Head stated during the meeting with IMF mission head in Armenia Hussein Samiei on April 12.

Particularly, as the IMF mission head noted the thing is about changes in tax and custom legislation, development of business area, decreasing shady economy. According to him, for shady economy decrease is necessary to continue work on extending tax line. "We pay attention to implementing direct foreign investments issue and we are glad that the current direction of Armenian Government has already taken concrete steps. We met the representatives of Strategic Initiative Center and it was pleasant to see that concrete steps on improving business sphere aimed at attracting new investments", Hossein Samiei said.  Armenian Prime Minister, stressing the importance of Armenian and IMF cooperation, expressed appreciation to IMF for the support. He discussed the upcoming programs of the Government.

Karen Karapetyan noted that the second stage of tax and customs reforming would start soon and in this process the Government will be sequential.

Speaking about the intensions of executive body to increase the tax income of 2017 fiscal year by 50 bln AMD, Karen Karapetyan stressed that these countings are calculated. "We praise current situation and intend to implement reforms in all the sectors, as we have resultative deficit. In near future a 5 year program of development will be modified which will be approached in a new way", said the

Premier.

The sides discussed also the results of the "Expended financing"program financed by the IMF in 2014- 2017.

T note, Executive council of IMF completed the fourth final check of implementation of "Expended financing" program (EFF) in Armenia, as a result of which the Fund approved the allocation of financing in amount of 15.65 million SDR or about $ 21.24 million, raising the total sum to 66.52 million SDR or about $ 90.28 million.

Program (EFF) of  IMF with total cost of 82.21 million SDR or $ 111.57 million was approved on March 7, 2014.


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