ARMENIAN FINANCE MINISTRY: CIS COUNTRIES SEE IT NECESSARY TO ENLARGE IMF POTENTIAL
ARKA
Apr 2, 2009
YEREVAN, April 2. /ARKA/. The countries of the Commonwealth of
Independent States (CIS) consider it necessary to strengthen the
mandate and expand the scope of the International Monetary Fund (IMF),
Armenian Minister of Finance Tigran Davtyan said.
This implies also greater resources and serious steps are taken in
this direction, the Minister said in summarizing the outcome of his
visit to Moscow on March 31.
Davtyan said that the donor countries have already made statements
about increasing of IMF resources, and the process is under way.
It is these resources that help the countries ensure desirable
macroeconomic indicators both in global economic and in separate
countries, he said adding that the IMF has already liberalized the
lending terms to an extent.
Davtyan reported that suggestions were made to expand also the format
of participation of the developing countries and transit economies,
CIS countries in particular, in decision-making process within the
IMF.
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