YEREVAN. – Armenia fulfills all commitments to the World Bank and IMF, Economy Minister Karen Chshmarityan said summing up Armenian delegation's participation in the annual meeting of WB and IMF.

He recalled that in the framework of cooperation with the World Bank for 2014-17, Armenia will get $711 million for 13 programs on economic development and improvement of governance. In particular, this implies $257 ​​million direct budget support, of which 72 million was allocated last December.

The Minister also said that the current portfolio of programs between Armenia and the IMF consists of a 38-month funding estimated at $115 million, of which 18 million has already been allocated to the Armenian side.

“The participants of the annual meeting of the World Bank and the IMF noted that there is still risks of global economic downturn. Priority areas of cooperation will be creation of new jobs and inclusive economic growth. Particular attention will be paid to the development of human capital and access to markets. These trends are consonant with our medium-term objectives of economic policy,” Chshmarityan added.