Tatul Manaserian: Armenian government's steps to overcome<br /> global economic crisis are not sufficient <br />


Tatul Manaserian: Armenian government's steps to overcome
global economic crisis are not sufficient

  • 26-02-2009 20:15:00   | Armenia  |  Economy
YEREVAN, FEBRUARY 26, NOYAN TAPAN. Although the Armenian government has taken some steps to overcome the global economic crisis, they are not sufficient, economist Tatul Manaserian expressed an opinion at the February 26 press conference. According to him, in addition to general programs, national programs should be developed which will allow forming an efficient structure of national economy in the country. T. Manaserian believes that it is important to assess own resources in Armenia at this stage. In his words, Armenia can get out of the crisis only by means of non-standard approaches, otherwise even when the economic crisis is over in the world, "we will remain in this situation for a long time". In this respect the economist underlined the necessity to create national models of economic development for each region of the republic. For example, to develop tourism in Jermuk by using natural resources there, to develop agriculture in some other region. As regards the credits given to Armenia by the World Bank and Russia, T. Manaserian said that it is necessary to create definite mechanisms to spend these sums correctly. In his words, the conditions and goals of the World Bank's credit are clear, which cannot be said about the stabilization credit of Russia. At the same time T. Manaserian expressed a hope that these credits of over 1 billion dollars will be efficiently spent.
  -   Economy