Armenia's PM, IMF Executive Director discuss cooperation prospects

Prime Minister Nikol Pashinyan received IMF Executive Director Richard Doornbosch, who represents Armenia at the IMF.

The Prime Minister noted that the Government of Armenia attaches importance to continued cooperation with the IMF and is keen to build on the constructive ties of partnership. According to the IMF Executive Director, Armenia is a reliable partner for the International Monetary Fund and the IMF is ready to assist the Government of Armenia in achieving the reforms underway in different directions.

The interlocutors next discussed the prospects for developing cooperation. Touching upon his government’s reform agenda, the Prime Minister highlighted the role of high technologies in the overall structure of the economy, the Tax Code reform and the promotion of micro businesses, the regulation of business environment, the reform of public administration and education systems, and the anti-corruption policy. Nikol Pashinyan noted that the change in the structure of the economy and the promotion of high technologies will help Armenia to grow into a technological country and shape an export-oriented economy, considering the huge potential available in the IT sphere.

According to the Prime Minister, his government’s task is to create opportunities in Armenia and to stimulate entrepreneurship so that people could realize their individual potential and contribute to the country’s development. Emphasizing the need for building institutional and expert capacity, the head of the Armenian government highlighted the assistance of international organizations, including the IMF.

Richard Doornbosch said the IMF is ready to discuss ways of supporting the reforms underway in the areas mentioned by the Prime Minister of the Republic of Armenia. Reaffirming his willingness of cooperation, Prime Minister Pashinyan suggested developing specific action plan jointly with the heads of relevant government departments.