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IMF encourages further diversification of Armenian economy
Last Updated: 2017-06-13 00:00 | Xinhua
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On the 25th anniversary of Armenia's membership in the International Monetary Fund (IMF), Deputy Managing Director of IMF Tao Zhang urged Armenia on Monday to further modernize and diversify its economy, reported Armenpress.

While acknowledging the significant progress made by Armenia in providing macroeconomic stability in relation to the steady growth of the economy and control over inflation, Zhang said Armenia needs to continue utilizing opportunities and addressing challenges in order to achieve stable and inclusive economic growth rates.

"We anticipate future cooperation with Armenian authorities and are ready to support Armenia and its people," Zhang was quoted as saying in his message to the Armenian government.

Armenia has been a member of the International Monetary Fund almost immediately after independence from the Soviet Union in 1991.

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