YEREVAN. - Armenia should be ready for more risky scenarios of world economic development, Armenian PM Tigran Sargsyan said at the parliament on Tuesday.

Armenian PM stated that the issue is in the centre of the government and in the focus of the discussion of World Bank and IMF. Currently, the WB regional director for South Caucasus and the delegation of the IMF are in Armenia.

“We receive the reports from official representatives of those organizations about the forecasts of the world economy. Those are used for macroeconomic forecasts laid in the Armenian budget,” PM stated.

According to the international experts, the stagnation period may still be prolonged. However, the forecasts can change in three months. Quarterly forecasts of those institutions are changing negatively. Several scenarios are being elaborated. And Armenia should be ready for worse scenarios. When the project of the state budget is presented for the discussion of the parliament, Armenia will represent all possible scenarios of risks, Armenian MP added.

Sargsyan said that one of the risks is the reduction of capital inflows and transfers to Armenia. It will mainly refer to commodity prices and dynamics of oil and gas. The other task is diversification of economy and dispersal of economic development in other spheres. Head of the Armenian government said that official statistics shows that Armenia managed to achieve its goal to some extent and efforts will be continued on that direction.