Wednesday, 24 March 2010
The IFC to back reform
Prime Minister Tigran Sargsyan received today a delegation led by IFC Regional Director for Central and Eastern Europe Snezhana Stoikovich.
Greeting the guests, the Prime Minister expressed high opinion of Corporation’s commitment to investment programs in Armenia. This meeting was said to be a good opportunity for tracing back progress and planning new programs.
Both sides stressed the need for new initiatives toward overcoming the consequences of the global crisis.
The parties have discussed possibilities for the furtherance of business and inspection reforms as stipulated in the Government’s program of action on improvement of business environment. The Prime Minister made a point of bringing advanced international experience in Armenia through corresponding consultations.
As a priority area of cooperation, Tigran Sargsyan singled out information and high technologies, as well as the introduction of good corporate management practices, inclusive of the institute of independent directors.
The IFC was invited to participate in the recently formed venture funds of Armenia. In this respect, the head of government emphasized the need for developing corresponding forms of participation.
The interlocutors next discussed cooperation in the energy sector, agricultural processing, establishment of free economic zones, broader involvement of private equity in the Pan-Armenian Bank etc.
Both sides stressed the need for identification of new cooperation potentialities.
