IMF will be able to effectively promote economic reforms implemented  in Armenia

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%).