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Press releases
21
11, 2008
President Serzh Sargsyan received the IMF Deputy Managing Director Murilo Portugal
Today, President Serzh Sargsyan received the IMF Deputy Managing Director Murilo Portugal and his delegation.
The President of Armenia hailed the IMF’s efforts in assisting our country in fostering economic development and stability and noted that without that assistance Armenia wouldn’t be able to achieve great success.
Serzh Sargsyan expressed satisfaction with the recent approval by the IMF Managing Council of the Poverty Reduction and Economic Growth Program.
Noting, that in the recent fifteen years Armenia has made a considerable economic progress and recorded an impressive growth, Murilo Portugal said that he was happy to be Armenia’s partner and to contribute to this success with both financial assistance and technical expertise.
At the meeting the two sides spoke also about the global financial and economic crisis. The IMF Deputy Managing Director said that the crisis poses serious challenges for every country. The parties exchanged views on the fortification of the Armenian economy in the existing circumstances, on the steps undertaken by the Government to mitigate impacts of the crisis, and possibility of employing additional methods. The President of Armenia said that the existing difficulties serve as an additional stimulus for reinforcing the tax policy and administrative reforms, and increasing efficiency of the governing structures.
The President of Armenia hailed the IMF’s efforts in assisting our country in fostering economic development and stability and noted that without that assistance Armenia wouldn’t be able to achieve great success.
Serzh Sargsyan expressed satisfaction with the recent approval by the IMF Managing Council of the Poverty Reduction and Economic Growth Program.
Noting, that in the recent fifteen years Armenia has made a considerable economic progress and recorded an impressive growth, Murilo Portugal said that he was happy to be Armenia’s partner and to contribute to this success with both financial assistance and technical expertise.
At the meeting the two sides spoke also about the global financial and economic crisis. The IMF Deputy Managing Director said that the crisis poses serious challenges for every country. The parties exchanged views on the fortification of the Armenian economy in the existing circumstances, on the steps undertaken by the Government to mitigate impacts of the crisis, and possibility of employing additional methods. The President of Armenia said that the existing difficulties serve as an additional stimulus for reinforcing the tax policy and administrative reforms, and increasing efficiency of the governing structures.