IMF Intends To Continue Support To Armenia Under New Premier

IMF INTENDS TO CONTINUE SUPPORT TO ARMENIA UNDER NEW PREMIER

ARKA
April 16, 2008

YEREVAN, April 16. /ARKA/. International Monetary Fund (IMF) intends
to continue its support to the new premier of Armenia Tigran Sargsian
(previously the Chairman of the Central Bank of the country) in
implementation of economic policy and reforms. This statement is
made in the letter of congratulation sent to the new premier by IMF
Managing Director Dominquez Strauss-Kann.

During the 10-year chairmanship of Tigran Sargsian in the Central Bank
of Armenia numerous important reforms have been implemented, including
the ones on mitigation of inflation, application of efficient banking
control system, development of legislation and anti-money laundering
measures, says the message.

The document says that accented loyalty of Tigran Sargsian to
continuous reforms and intellectual management principles have made
substantial contribution in successfully overcoming current challenges
faced by the Armenian Government, the document says.

Strauss-Kann stressed that the IMF have worked with the Armenian
authorities in economic policy and reforms for 15 years and expressed
confidence that the Prime-Minister will keep up high level and achieve
the targets set.

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