ArmInfo. Chairman of the Central Bank of Armenia Artur Javadyan met with a delegation of the International Monetary Fund (IMF), led by IMF Director for the Middle East and Central Asia Department Jihad Azour. According to the CBA official statement, during the meeting A. Javadyan noted that the cooperation between the IMF and the RA has always been effective and important.
"The IMF's comprehensive financial and technical support programs have had a significant impact on ensuring macroeconomic stability in Armenia and gaining confidence in current economic policies," he said.
At the same time, the CBA Chairman praised the role of the IMF in the objective presentation of the macroeconomic development of Armenia to foreign investors and partners.
The Central Bank Chairman also recalled the approval by the IMF Council in May 2019 of "stand-by" loans for a period of 36 months, which is one of the anchor indicators of macroeconomic stability and the continuity of systemic reforms in the country.
In addition, the head of the Central Bank drew attention to the IMF's efforts in the process of a complete revision of the Financial Sector Assessment Program (FSAP) of Armenia, emphasizing that the analysis of financial sector development priorities reflected in the report play a significant role in maintaining financial stability in Armenia and are included in the CBA work agenda . According to the source, A. Javadyan presented to the guests the situation regarding economic growth, monetary policy, financial stability, reforms initiated by the government, and answered questions of interest.