IMF observes recovery of world economySeptember 7, 2009 - 13:55 AMT PanARMENIAN.Net - Measures aimed at fighting world crisis should be suspended only in case of steady economic growth and decreased level of unemployment, IMF Managing Director Dominique Strauss-Kahn said during his speech at a Bundesbank conference.The global economy is emerging from a deep downturn, but the recovery will be sluggish and unwinding stimulus measures too soon could derail an upswing, IMF director finds. 'For these reasons," he believed, "policy makers should err on the side of caution as they decide when to exit from their crisis response policies." Besides, Strauss-Kahn recommended governments to elaborate their plans now, so as to enjoy public support for taking relevant actions when necessary. IMF director finds coordination of economic policy the most significant component of anti-crisis measures. According to him, coordinated and decisive policy helped restrict crisis impact, IMF press service reports. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |