Armenia’s Ministry of Finance reported that Finance Minister Vahe Hovhannisyan and Central Bank Governor Martin Galstyan discussed cooperation priorities with Jihad Azour, director of the International Monetary Fund’s (IMF) Middle East and Central Asia Department. The talks covered progress under the IMF-supported Stand-By Arrangement and planned cooperation under the Resilience and Sustainability Facility (RSF). Discussions addressed Armenia’s macroeconomic developments and growth prospects, alongside maintaining fiscal stability. Fiscal reform priorities included enhancing state revenue collection, improving expenditure efficiency and strengthening public investment management. The RSF discussion focused on energy security, efficient water resource management and incorporating climate risks into public finance planning and infrastructure projects.
Armenia’s Ministry of Finance discusses IMF cooperation priorities and planned Resilience and Sustainability Facility cooperation
Armenia’s Ministry of Finance reported discussions between Finance Minister Vahe Hovhannisyan, Central Bank Governor Martin Galstyan and International Monetary Fund department director Jihad Azour on fiscal stability and progress under the Stand-By Arrangement. The talks also addressed fiscal reforms and planned cooperation under the Resilience and Sustainability Facility, including energy security, water resource management and climate risks in public finance and infrastructure planning.