ArmInfo. Armenia attaches importance to close cooperation with the International Monetary Fund and the consistent assistance provided by the Fund in economic reforms. This June 6 during a meeting with the permanent representative of the IMF in Armenia, Yulia Ustyugova, said Prime Minister Nikol Pashinyan.
According to the press service of the Armenian government, Nikol Pashinyan stressed that one of the primary tasks of the executive body of Armenia is to increase the effectiveness of the programs being implemented and the use of public funds. In addition, the Prime Minister also pointed to the importance of strengthening discipline in the financial sphere.
The IMF Resident Representative presented to the Prime Minister the process of the programs being implemented in Armenia with the assistance of the Fund and the upcoming steps. Julia Ustyugova expressed her confidence that the IMF with the new government of the RA will be able to effectively contribute to the economic reforms being implemented in the country. She highly appreciated the stability of Armenia's financial system, stressing that in this context Armenia can be considered an exemplary country. The interlocutors exchanged views on various areas of the government program, including the improvement of tax and customs administration, the expected reforms in the pension system. To note, in its April report, IMF predicts economic growth of Armenia in 2018 to 3.4%, and in 2019 - 3.5%. According to the state budget of Armenia, GDP growth in Armenia for 2018 is planned at 4.5%, and inflation at 4% (+ 1.5%).
