Central Bank president hosts IMF delegation in Yerevan
President of the Central Bank of Armenia (CBA) Artur Javdadyan on Tuesday received a delegation led by Jihad Azour, the Director of the Middle East and Central Asia Department at the International Monetery Fund (IMF), reports the CBA press service.
Greeting the guests, Javadyan highly praised the effectively developing partnership with the leading international financial institution, highlighting the essential impact of the comprehensive financial and technical support programs on the stability of the country's micro-economic climate and confidence-building in the economic policies.
He also appreciated the IMF's role in giving foreign investors and partners an objective knowledge of Armenia's macro-economic developments. The CBA president refferred particularly to the 36-month Stand-by Credit Facility (SCF) approved by the IMF board, describing it as a unique tool ensuring the country's macro-economic stability and ongoing nature of systemic reforms. He also praised the comprehensively revised Financial Sector Assessment Program (FSAP) for Armenia, ermphasizing the pirority analysis of the financial sector development clauses in the report and their potentially active role in the maintenance of Armenia's financial stability. He said that the docuement is now on the CBA agenda.
At the end, Javadyan briefed the delegation on Armenia's current economic growth dynamics, monetary polcies and government reforms. He also took the chance to respond to the guests' concerns.
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