President Serzh Sargsyan received representatives of the International Monetary Fund

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.