World Bank in Armenia has new country manager

YEREVAN, September 8. /ARKA/. Armenia’s Minister of Economic Development and Investments Suren Karayan received today a delegation, led by Mercy Tembon, World Bank Director for the South Caucasus, Europe and Central Asia.

During the meeting, Tembon introduced to the minister Sylvie Bossoutrot, the newly appointed WB Country Manager for Armenia, who took office on September 1.

The minister expressed hope that the effective cooperation between the World Bank and his ministry will continue. He attached importance to the contribution of the World Bank to the implementation of institutional reforms in Armenia. Karayan said also that with the assistance of the World Bank the government will continue the efforts to ensure economic stability in Armenia.

Tembon, in turn, stressed that the energy and efforts of the Armenian government in the implementation of reforms are extremely positive.

The minister discussed with the WB delegation the policy of attracting investments and stimulating exports. The parties attached importance to working with the private sector and agreed to conduct more detailed negotiations on the upcoming plans. -0-

spot_img

POPULAR

IDBank warns of scam calls impersonating pension funds

There is a growing risk of scam calls targeting the most vulnerable category of citizens -pensioners.

Converse Bank Completes the Placement of EBRD Bonds

Converse Bank acted as the EBRD's key partner throughout the transaction, arranging the bond issuance and the guaranteed placement of the bonds

Euro and ruble exchange rates against the Armenian dram rose, while the dollar remained unchanged: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market as of July 7, 2026, remained unchanged at 367.47 drams.

Armenia to Receive $284.4 Million from IBRD to Provide Housing for IDPs from Artsakh and Develop the Mortgage Market

On Thursday, the Armenian government approved the ratification of a financial agreement and the approval of a grant agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity) for $284.4 million.

EBRD to Launch AMD 5 Billion Floating-Rate Bond Offering in Armenia

The European Bank for Reconstruction and Development (EBRD) is set to launch a new AMD 5 billion floating-rate bond issuance in the Armenian capital market, reaffirming its commitment to supporting the development of local currency financing and deepening Armenia’s financial markets.

LATEST NEWS

spot_imgspot_imgspot_img