  IMF mission to inspect Armenia’s fulfillment of economic liabilities September 18, 2012 - 20:23 AMT PanARMENIAN.Net - Prime Minister Tigran Sargsyan met with a delegation led by the head of International Monetary Fund (IMF) Armenia mission Mark Horton. At the meeting, the Armenian official expressed satisfaction over the progress of joint programs. As Mr. Sargsyan noted, Armenia has been fully implementing its budget liabilities. “A lower-than-envisaged budget deficit was posted; inflation remains within targeted limits, while economic growth shows better-than-planned results,” the PM said. Mr. Horton, in turn, noted, that the delegation aims to organize discussions on economic policy and 5th final inspection of the implementation of Extended Fund Facility (EFF) and Extended Credit Facility (ECF) programs. As the Fund official stressed, Armenia showed positive results in providing economic growth. The parties further focused on main directions of the country’s economic policy and development perspectives among other issues of bilateral interest. Partner news  Top stories Finance Minister David Sargsyan met with the regional director of KfW German Development Bank Lars Oermann. The government has said it expects its debt burden to rise to 90.5% of GDP at the end of 2013 but it may have to revise the forecast. According to the agreement, 300 000 euro will be allocated to preparation of a feasibility report for Ararat valley flooding system. Flights will depart from Sharjah International Airport on Tuesdays and Fridays, Air Arabia said in a statement.   Partner news |  Latest news Adobe releases major updates to flagship products  There will also be integration with NY-based Behance, which Adobe acquired late last year for an undisclosed amount.Putin, Obama admit disagreement on Syria but pledge cooperation “We do have differing perspectives on the problem, but we share an interest in reducing the violence,” Obama said.Assad says Europe will pay the price for arming rebels The Syrian President warned that European nations seeking to send weapons to rebels will only export terrorists back to Europe.U.S. releases list of prisoners slated for indefinite detention Most of the 48 on the list are from Yemen and Afghanistan. Two are now dead — one by suicide, the other by heart attack. |
