Yerevan/Mediamax/.  “Armenia- Review of State Expenditures: Tax-Budgetary Consolidation and Resumption”, report of the World Bank (WB), was presented in Yerevan today.

WB representative Yvonne Tsikata stated in Yerevan today that Armenia’s positions during the global economic crisis were rather stable, Mediamax reports. According to her, it enabled the Armenian government to import a fiscal package which allowed moderating the impact that the crisis exerted on the country.

Yvonne Tsikata also said that “in case of the second possible wave of the crisis Armenia will not undergo a major shock”.

“In case of Armenia, metal mining production is mainly exported to Russia and foreign investments come mainly from France and these countries don’t have any bad state budget indices. We may consequently assume that Armenia won’t have any serious problems in the trade sector”, she said.