International Monetary Fund (IMF) has welcomed the Armenian government’s intention to implement a comprehensive reform agenda, supported by the 2017-22 development program.

IMF mission chief Hossein Samiei has issued a statement at the Conclusion of an IMF Visit to Armenia on March 14-28, in which he mentions the fund’s appreciation. The objective of this visit was to conduct initial discussions on a possible new IMF arrangement with Armenia.

“This agenda [the 2017-22 development program] appropriately aims at promoting higher and more inclusive growth. A possible new IMF-supported arrangement would assist the government in achieving Armenia’s vision to become a diversified middle-income economy.

We held productive discussions on policies and actions for the rest of 2018 and the medium term. Good progress was made in identifying reform priorities and policies to maintain macroeconomic and fiscal stability. The discussions will continue over the coming months,” reads the statement.

During the visit, the IMF team has met with Prime Minister Karen Karapetyan, Deputy Prime Minister Vache Gabrielyan, Minister of Finance Vardan Aramyan, Central Bank Governor Arthur Javadyan, Minister of Economic Development and Investment Suren Karayan, State Revenue Committee Chairman Vardan Harutyunyan, as well as other senior government officials.