Armenian delegation discusses country’s economic prospects amid global challenges with WB and IMF representatives

YEREVAN, April 13. /ARKA/. As part of the World Bank (WB) and International Monetary Fund (IMF) 2023 spring meetings, the Armenian delegation held meetings with IMF Resident Representative in Armenia Iva Petrova, Jihad Azour, the director of the Middle East and Central Asia department at the IMF and Executive Director Paul Hilbers representing Armenia in the IMF Executive Board, the press service of the Armenian Ministry of Finance reported.

It said during the meetings, the sides exchanged views on recent economic developments in the world and the region, and discussed Armenia’s economic prospects in the context of pressing global challenges and uncertainties.

The interlocutors also touched upon the implementation of the IMF Stand-by Arrangement and the reforms the Armenian government is implementing.

The members of the Armenian delegation had a meeting also with the representatives of Moody’s International Rating Agency, during which the current macroeconomic situation in Armenia and the recent developments in the economy were discussed. -0-

spot_img

POPULAR

Unibank Becomes Title Sponsor of Alashkert Football Club

Unibank and a four-time champion of Armenia "Alashkert" Football Club, have expanded their partnership, with the Bank becoming the club’s title sponsor.

Central Bank of Armenia raised its monetary policy rate for the first time in over three years: how it has changed since the end...

Yesterday, the Central Bank of Armenia raised its monetary policy rate for the first time in over three years. After setting the rate at 10.75% in December 2022, it remained unchanged for several months, and in June 2023, the Central Bank began a gradual rate reduction cycle.

Acba Bank is a market maker for EBRD bonds in Armenia

Acba Bank will act as a market maker for dram-denominated bonds of the European Bank for Reconstruction and Development (EBRD) on the Armenia Securities Exchange (ASE), ensuring their liquidity in the secondary market, the bank's press service reported.

IDBank in Monaco: Armenian Financial Innovation on a Prestigious International Stage

During the two-day exhibition held in Monte Carlo, Armenia and Armenian products were showcased to the international community, ranging from fine jewelry and diamond manufacturing to innovative banking solutions.

Governor of the Central Bank of Armenia discussed economic risks and prospects and capital market development with the IMF delegation

On Wednesday, at the opening meeting with the IMF mission delegation to Armenia, led by Alexander Timan, the Governor of the Central Bank of Armenia, Martin Galstyan, discussed recent macroeconomic developments, economic prospects, and key risks.

LATEST NEWS

spot_imgspot_imgspot_img