ArmInfo. Prime Minister of Armenia Karen Karapetyan highly appreciated the long-term cooperation of the Republic of Armenia with the International Monetary Fund (IMF) and the World Bank (WB), calling it constructive and productive. This was in Dilijan at the annual meeting of the countries of the subgroup of the IMF and WB headed by Belgium and the Netherlands.
According to governmental press service, in his welcoming speech, the prime minister noted that such meetings are a good platform both for effective cooperation and for joint solution of the problems of the participating countries. At the same time, he stressed the still unused potential in this direction. According to him, thanks to the assistance and constructive cooperation of the IMF over the past 25 years, Armenia managed to provide a stable macroeconomic environment through fiscal and monetary policy, which is an important prerequisite for ensuring the development of countries and inclusive economic growth.
Karen Karapetyan noted that although the countries that are members of the Holland-Belgian subgroup are different in economic structures and level of development, nevertheless today the world economic challenges create problems that are typical for all states, regardless of the foregoing.
The head of the government of Armenia touched upon the prospects of Armenia's economic development. "The current economic policy of Armenia is aimed at attracting investments and ensuring economic growth by stimulating export industries," he said. As Karen Karapetyan noted, Armenia aims at creating a favorable investment environment through deep reforms, gradually strengthening the country's competitiveness. "In parallel with the reforms implemented, Armenia's economic policy is aimed at deepening international economic relations and cooperation in various formats, in which the IMF and the World Bank are most important," the prime minister stressed.
To note, the members of the Dutch group at the IMF and the Belgian group with the World Bank are Bulgaria, Israel, Luxembourg, Romania, Ukraine, Belgium, Armenia, Bosnia and Herzegovina, Croatia, Cyprus, Georgia, Macedonia, Moldova, Montenegro, the Netherlands. Menno Snel, who represents the interests of the member countries in the Executive Council of the IMF, heads the group. The meetings of this group involve high-level officials and leading experts of the global financial system.