ArmInfo. In Washington, at the annual meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) head of the Central Bank of Armenia Artur Javadyan and IMF regional director for the Middle East and Central Asia Jihad Azour agreed to hold a joint scientific conference at the Dilijan Research and Development Center in 2020.
As the Central Bank of Armenia press service told ArmInfo, the parties agreed to jointly discuss the exact dates of the scientific conference and the range of topics to be discussed, as well as to consider the possibility of traditionalizing this event.
IMF Regional Director for the Middle East and Central Asia, Jihad Azour, during a meeting with the Armenian delegation, expressed satisfaction with the results of his August visit to Armenia. The interlocutors touched upon a new program implemented by the Armenian authorities together with the IMF, the positive results of monitoring the implementation of the first stage of which were approved in May 2019, emphasizing the importance of the reforms outlined in the program.
As part of the Armenian delegation, the Deputy Prime Minister of Armenia Mher Grigoryan, the head of the Central Bank Department for Stability and Development of the Financial System, Andranik Grigoryan, the head of the Dilijan Training and Research Center Armen Nurbekyan also participated in the Annual Meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF). During the event, a number of meetings took place. So, during a meeting with the IMF Netherlands / Belgium Executive Director Anthony De Lannoy and Deputy Director Richard Dornbusch, the representatives of the Armenian delegation discussed the results of the IMF's recent visit to Armenia and the implementation of the program approved by the IMF. The parties also discussed the latest macroeconomic indicators of Armenia, and the policy pursued by the Central Bank to strengthen the stability of the financial system. Anthony De Lannoy, noting that he constantly keeps in the spotlight the steps aimed at developing the economy and financial system of Armenia, was happy to note the recorded positive results.
To note, on October 18 this year Head of the Central Bank of the Republic of Armenia Artur Javadyan left for Washington on a working visit to participate in the 2019 annual meeting of the IMF Governing Councils and the group of WB organizations. As part of the event, A. Javadyan will take part in plenary meetings and a meeting of the countries of the Netherlands / Belgium subgroup of the IMF and WB. A number of bilateral meetings were also planned, in particular with the newly appointed IMF Managing Director Kristalina Georgieva, IMF Regional Director for the Middle East and Central Asia, Jihad Azour, Executive Directors of the IMF Netherlands / Belgium and WB Anthony De Lannoy , and Vice President of WB Cyril Miller. Within the framework of the event, it was planned to hold working discussions with the leaders of the European Investment Bank, the German Development Bank KfW, the rating company Moody's and several other international financial institutions. To recall, every fall, the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) hold meetings and plenary meetings that discuss a wide range of issues related to poverty reduction, international economic development and financial activities. The annual meetings provide a forum for international cooperation and provide the WB and IMF with the opportunity to better serve member countries. The meetings are attended by about 10,000 people, including about 3,500 members of the delegations of the WB and IMF member states, about 1,000 representatives of the press, and over 5,000 invited, mainly representatives of the private sector, the banking community and NGOs. In addition, WB and IMF representatives participate in meetings with officials who are members of government delegations. The Netherlands / IMF and WB subgroup includes 15 countries: Armenia, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Luxembourg, Macedonia, Moldova, the Netherlands, Romania, Ukraine, and Montenegro.