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Armenian Economy Minister and IMF Resident Rep Meet

Armenian Minister of the Economy Tigran Khachatryan today met with newly appointed IMF Resident Representative for Armenia Yulia Ustyugova.

“We exhibit a balanced approach regarding tax and customs administration issues, as well as in all areas of activity where there is a public-private relationship. We are convinced that Armenia's economic development potential can be realized if there are equal competitive conditions. This is one of the key factors of our success,” Minister Khachatryan said according to a statement released by the ministry.

At Ustyugova’s request, the Khachatryan described the steps now being taken in Armenia to improve the business environment.

The two also discussed ongoing IMF assistance programs and SME development strategies for Armenia.

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