Monday, October 21 2019 14:33
Karine Melikyan

Armenian Central Bank and IMF agree to hold a joint scientific  conference in Dilijan in 2020

Armenian Central Bank and IMF agree to hold a joint scientific  conference in Dilijan in 2020

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.

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