President Serzh Sargsyan Received Representatives Of The IMF


April 30 2013

President Serzh Sargsyan received today the Head of the Armenian
mission of the International Monetary Fund (IMF) Mark Horton and
Permanent Representative of IMF in Armenia Guillermo Tolosa.

The President welcomed the guests and expressed gratitude to IMF for
the assistance provided to Armenia and efficient cooperation.

At the meeting, the representatives of the Fund reported to the
President of Armenia on the results of the final stage of the Extended
Financing/Extended Credit program. The program commenced in June 2010
and is to be concluded in September 2013. Mark Horton spoke with
satisfaction about the results of the ongoing program and underscored
that successful conclusion of the program will become a solid base for
the negotiations with the IMF on a new program. The Head of the
mission noted that cooperation between the Government of Armenia, the
Central Bank and IMF has been successful.

The parties discussed the current state of the Armenian economy, main
directions of the economic policy, development programs as well as the
issues related to the negotiations with IMF on a new program.–16799732/

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