During a meeting with the head of the International Monetary Fund (IMF) mission in Armenia Iva Petrova Armenian prime minister Nikol Pashinyan discussed reforms aimed at improving fiscal and monetary policy, the financial sector, and the investment environment.
According to a statement from the Armenian government's press service, the importance of cooperation with the IMF for the country's economic development and stability was emphasized during the meeting held on March 14.
The meeting highlighted the significance of the positive macroeconomic results achieved in the country in 2023 and the need to continue reforms to maintain economic activity.
Pashinyan also noted that maintaining macroeconomic stability is a priority for the Armenian government, and steps and reforms in this direction will be consistent.
Humanitarian issues affecting displaced persons from Nagorno-Karabakh were also discussed during the meeting, with the Prime Minister emphasizing the importance of continued international assistance in this context.
In December 2022, the IMF Executive Board approved a three-year Stand-By Arrangement (SBA) for Armenia totaling 128.8 million SDR (approximately $171.1 million) to support macroeconomic stability, hedge against negative risks, and support the structural reform program.
