WB Regional Director names conditions for Armenia’s inclusive economic growth

YEREVAN, 29 May. /ARKA/. Armenian Deputy Prime Minister Mher Grigoryan received on Wednesday a delegation led by World Bank Regional Director for Europe and Central Asia Asad Alam, the government press service reported.
The Deputy Prime Minister spoke about the government’s priorities and reforms in such areas as economic growth, capital market development, improvement of human capital and critical infrastructures, emphasizing the importance of applying the best international experience and knowledge in these areas with the participation of the World Bank, the report said.
In the context of achieving the set goals of inclusive economic growth, Alam emphasized the need to attract public and private investment, consistent promotion of green economy and digital transformation.
An agreement was reached to continue and substantially cooperate in these directions. About WB programs in Armenia
Since the beginning of its activities in Armenia in 1992, the World Bank has provided Armenia with about $2.7 billion in assistance through the International Development Association (IDA), the International Bank for Reconstruction and Development (IBRD) and trust funds.
The WB is currently financing 10 projects in Armenia with a total value of $500 million. -0-

spot_img

POPULAR

Euro continued to rise against the Armenian dram, while dollar and ruble weakened again: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of March 18, 2026, fell by 0.07 points compared to March 17, to 377.39 drams.

Central Bank of Armenia may switch to hawkish rhetoric and raise rate – Freedom Broker Armenia (EXCLUSIVE)

The likelihood of the Central Bank of Armenia switching to tougher monetary rhetoric and potentially raising the rate in the short term may increase, Rafael Mkrtchyan, Head of Corporate Finance at Freedom Broker Armenia, told ARKA news agency.

Change in the Executive Management of Converse Bank

Yerevan, March 16, 2026. Converse Bank CJSC announces that Mr. Andranik Grigoryan will step down from his position as Chief Executive Officer of the Bank effective March 31, at his own request.

AI will be integrated into virtually all capital market processes in Armenia – expert

In Armenia, AI will be integrated into virtually all processes in one way or another, and where to begin depends on the specific objectives and current priorities of financial institutions, according to Arman Aleksanyan, co-founder and CEO of Eleveight AI.

Central Bank of Armenia and banks are ready to tighten mechanisms to combat telephone fraud – Galstyan

The Central Bank of Armenia, together with banks, is ready to introduce stricter mechanisms to prevent telephone fraud, stated regulator head Martin Galstyan, responding to a question from the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img