YEREVAN. – Prime Minister Hovik Abrahamyan on Friday received Menno Snel, the International Monetary Fund (IMF) Executive Director for Armenia. 

Press Office of the Government of Armenia informed Armenian News-NEWS.am that the PM highly praised Armenia’s relations and productive cooperation with the IMF. He noted that the Armenian government is consistent in the implementation of its commitments within the framework of the IMF’s Extended Fund Facility (EFF), including in terms of structural reforms.

Abrahamyan added that the Armenian government has succeeded in ensuring macroeconomic stability and a quite low inflationary climate in the country. As per the Premier, active work is underway also toward export promotion.

Menno Snel, for his part, likewise lauded the cooperation between the IMF and the Armenian government, and noted that next year will mark the 25th anniversary of this collaboration. He expressed satisfaction with the course of implementation of the joint projects, and underscored the consistent implementation of the pension reform and the adoption of the new Tax Code of Armenia. The IMF official also gave a positive assessment to the current monetary policy in the country.

The interlocutors exchanged views on regional economic developments, and reflected on bilateral cooperation.