YEREVAN, OCTOBER 10, ARMENPRESS. Chairman of the Board of the Eurasian Economic Commission Tigran Sargsyan took part in the annual meeting of the World Bank and International Monetary Fund in Washington on October 7-9, the EEC Press Service told ARMENPRESS.

During the visit Tigran Sargsyan held a meeting with Cyril Muller - World Bank's Europe and Central Asia region Vice President. The discussion focused on the formation of firm foundation for the WB-EEC cooperation, including issues of institutional relations, as well as substantive aspects of regionalization processes and development of global economy, structural transformations in the region and prospects of digital transformation in the Eurasian Economic Union.

“It is hard to overrate the role of the World Bank in the solution of global issues and overcoming of global challenges, including in such directions as the financial assistance to countries and support of structural reforms, consultations over increasing competitiveness and social-economic development. One of the key goals of EEU’s activities is ensuring stable and qualitative economic growth of member states”, Sargsyan said.

Sargsyan said the Union is currently transitioning from the stage of creating an institutional foundation to the elaboration of documents of 2nd and 3rd levels: the full functioning of a common market, conducting a unified, coordinated and concerted policy.

Cyril Muller said the cooperation with EEC “can multiply the results of the World Bank’s works with EEU’s individual countries”. Muller said he is in favor of the idea of institutionalizing the World Bank-EEC relations.

“We can’t limit ourselves with exchange of information, we have to fill our relations jointly with even greater capacity”, he said.

Tigran Sargsyan also took part in the dinner with representatives of the US business community. The meeting was organized with the assistance of the Russian-American business council. Representatives of executive structures of Cocal Cola, AmGen, Citigroup and other companies were present.