  IMF: open borders can whip up Armenian economySeptember 9, 2009 - 13:40 AMT PanARMENIAN.Net - The International Monetary Fund hopes that open borders will be a perfect stimulus for Armenia's economy. "Armenia is still a transition economy with ongoing market processes," Ms. Nienke Oomes, IMF Resident Representative in Armenia, told reporters in Yerevan today. "There is a large number of market mechanisms but the country is not competitive enough," she said. Armenia's competitiveness index has not changed. The country is 97th in the list of 133 countries of the world.   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 |  Related sections Latest news Mirzoyan says meeting with Bayramov was “constructive”  At the moment, Ararat Mirzoyan said, there is no basis for additional comments.OSCE vows support for Armenia “in all three directions of security” Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg.151 detained as civil disobedience campaigns continue in Yerevan Citizens have been blocking streets in the Armenian capital, demanding Nikol Pashinyan’s resignation.France welcomes Armenia-Azerbaijan meeting in Almaty France has welcomed the new round of negotiations between the foreign ministers of Armenia and Azerbaijan. |
