Tigran Torosian: Armenia’s Economic Development Proceeds At HigherRa

TIGRAN TOROSIAN: ARMENIA’S ECONOMIC DEVELOPMENT PROCEEDS AT HIGHER RATE THAN DEMOCRATIC PROCESSES

Noyan Tapan
Jun 13 2006

YEREVAN, JUNE 13, NOYAN TAPAN. Problems of cooperation between the RA
National Assembly and the IMF were discussed during the June 13 meeting
of the RA NA Speaker Tigran Torosian and IMF Resident Representative
to Armenia James McHugh. NT was informed about it from the RA National
Assembly PR Department.

J. McHugh attached special importance to the RA NA’s supervisory
function over all stages of the Poverty Reduction Strategy Paper,
as well as over programs that the IMF implements jointly with the RA
government and the Central Bank of Armenia (CBA).

T.Torosian said that over the last five years, Armenia’s economic
development has proceeded at a higher rate than the democratic
processes in the country such as the establishment of civil society,
the fight against corruption and polarization of incomes. Whereas,
acoording to him, a complete succees can be achieved only by combining
these two components, which will allow Armenia to occupy its worthy
place in the international commmunity.

Both sides underlined the importance of keeping the public informed:
people should have a clear idea of what is going on and what
expectations to have after each measure taken. It was pointed out that
both awareness and providing information about ongoing developments
are aimed at conveying positive impulses to the society, which is no
less important than economic development and political stability.