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Official News

Wednesday, 8 September 2004

Today RA Prime Minister A. Margaryan has received Enrique Gelbard, IMF Middle East and Central Asia Department Mission Chief, as well as James McHugh, IMF Resident Representative to Armenia and Susan George, Economist.

Stating that the IMF has been maintaining close ties of fruitful cooperation with the Armenian government over the past ten years, the head of the mission said that the purpose of his visit was to continue the on-going dialog with the executive and to discuss a number of financial and economic issues of mutual concern. By touching upon the relationship between private and public sectors, the IMF representatives referred to the progress made in the area of business promotion in general and small and medium-size enterprise support, in particular. He also noted the necessity of expanding cooperation and boosting information exchange between relevant public entities. The Prime Minister outlined his own approaches concerning this matter and briefed on the steps undertaken to date. He further focused upon the problems encountered in this field. In closing, the Prime Minister expressed the hope that continued discussions and more active contacts with the IMF will help find efficacious solutions to all those problems.

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