U.S. Department of State
Press Statement by Richard Boucher, Spokesman
U.S.-Armenia Task Force on Economic Reform
The inaugural session of the U.S.-Armenia Task Force on Economic Reform was held today in Yerevan, Armenia. The Task Force is designed to enable the Governments of the United States and Armenia to coordinate better their efforts to promote economic cooperation and assist Armenia in its transition to a market economy. Vice President Gore and the late Armenian Prime Minister, Vazgen Sargsian, agreed to establish such a mechanism when the two leaders met in Washington last September. The U.S. delegation was led by Ambassador William Taylor, the Coordinator of Assistance to the New Independent States, and included representatives from the Departments of Commerce and Treasury, the Trade Development Agency, the U.S. Agency for International Development, and the National Security Council. The Armenian delegation was led by Minister of Finance and Economy Levon Barkhudarian and also included interagency representation.
During its day-long session in Yerevan, the Task Force focused primarily on three issues: improving private sector development, combating corruption, and discussing Armenia's energy needs. Ambassador Taylor will provide a report on the session's conclusions, recommendations and follow-on plans to Vice President Gore. The second session of the Task Force will be held this fall, probably in the United States.
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