IMF CONSIDERS COOPERATION WITH ARMENIAN AUTHORITIES SUCCESSFUL

ARKA
Feb 28, 2008

YEREVAN, February 28. /ARKA/. International Monetary Fund (IMF)
considers its cooperation with the Armenian authorities successful,
says the message of IMF Executive Director Dominique Strauss-Khan on
the victory of Serge Sargsian in the presidential elections held in
Armenia on February 19.

Strauss Khan also pointed out that through IMF-supported programs
and technical assistance help implement promising structural reforms
bringing to substantial economic growth.

"Having in mind the talk we had in Washington in October, I am
convinced that we will maintain good relations also during your rule. I
would like to confirm our readiness to continue cooperation with your
government to achieve increase in economic growth," Strauss Khan said
and wished Serge Sargsian new achievements.

Over thirteen years of cooperation IMF provided approximately $360mln
credit funds with 80% of them extended for 5.5-10 years at annual of
0.5%.