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 | EU to provide budgetary support to Armenia The agreement is aimed at increasing the competitiveness of the educational system of Armenia. Aliyev: No peace treaty unless Armenia changes constitution Azerbaijan will not sign a peace treaty with Armenia unless the latter changes its constitution, Azerbaijani President Ilham Aliyev said. Azerbaijan proposes Armenia to jointly seek cancelation of Minak Group The Azerbaijani President maintained that the move will show “how sincere Armenia is.” Seven injured in massive gas station explosion in Armenia The Investigative Committee of Armenia has unveiled details about a massive explosion at a gas station on the Yerevan-Sevan highway. |