Finance Minister Vahe Hovhannisyan on Friday received John Gallagher, Ambassador of the United Kingdom (UK) to Armenia.
Hovhannisyan thanked the UK for its willingness to assist Armenia, and briefed the ambassador on the country’s current economic situation, existing problems, and challenges, the Ministry of Finance of Armenia reports.
Ambassador Gallagher, in turn, noted that he attaches importance to ensuring the continuity of cooperation between Armenia and the UK. Also, the diplomat lauded Armenia's efforts to create a favorable, predictable, and stable environment for foreign investors.
Reflecting on sectoral cooperation, the parties spoke about the importance of the UK government's continued assistance in the formation of an institutional environment in Armenia, particularly the importance of exchanging experience for improving the budgeting process.
During the meeting, the opportunities for expanding cooperation were outlined on both sides, and an agreement was reached to continue the dialogue on the matters on the agenda.