ArmInfo. Minister of Economic Development and Investments of Armenia Artsvik Minasyan received a delegation of the World Bank Group (WB), headed by the head of the mission on financial sector assessment Isfandyar Zaman Khan on July 6.
According to the press service of the Ministry of Economic Development and Investment, during the meeting the parties discussed issues related to ensuring the availability of financial resources for the SME sector, and the inclusiveness of the existing tools.
Representatives of the World Bank reported on the work they are currently doing jointly with the International Monetary Fund (IMF). In particular, a working group of 17 people conducts an assessment of financial health in Armenia.
The Minister presented the process of reforms in the investment sphere, touched upon the issues of interaction between the state and the private sector.
The parties also discussed tax legislation, as well as the development of the financial, banking, capital markets, and cybersecurity. Earlier, on July 4 Artsvik Minasyan received a delegation led by Martin Grothe, Senior Economist on Tax Policy of the International Monetary Fund (IMF). The IMF representative stated his readiness to assist Armenia in developing an "impressive" policy for small and medium-sized businesses. Touching upon a number of issues in the field of taxation, Martin Grot called the success of the stability of tax policy the keystone of success, suggesting that the country's economic policy be revised in accordance with the best world experience.
