Armenian president receives IMF deputy managing director



YEREVAN, NOVEMBER 21, ARMENPRESS: Armenian President Serzh Sargsyan
received today Deputy Managing Director of International Monetary Fund
(IMF) Murilo Portugal and the delegation headed by him.
Presidential press service told Armenpress that the president
highly assessed the efforts of IMF directed towards support to
economic development and stability of Armenia and noted that without
that support Armenia could not have reached great success.
Serzh Sargsyan said he is glad that the Executive Board of IMF
approved Poverty Reduction and Growth Facility program. Noting that
during the last fifteen years Armenia has reached serious economic
achievements, M Portugal said that they are happy being partner of
Armenia and being a part of the success either by financial assistance
or by consultation.
During the meeting they also referred to the global financial
economic crisis. IMF Deputy Managing Director noted that it is a
serious challenge for each country. The sides exchanged opinions over
the increase of resistance of Armenia’s economy, steps of the
government directed towards smoothing the impact of the crisis.

From: Emil Lazarian | Ararat NewsPress

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Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS