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Tag: World Bank

World Bank free Armenia from additional interest rate on loans for another fiscal year

Economy admin -
Prompted by the worsening socio-economic situation caused by the coronavirus pandemic and Nagorno-Karabakh post-war developments, as well as the slow economic recovery, on April 30, 2021, Armenia's Ministry of Finance officially applied to the International Development Agency (part of the World Bank Group) with a request to extend the decision on cancelling the additional 1.7% interest rate on loans for another year

World Bank: Armenia experienced one of region’s sharpest GDP contractions of .6 percent

Economy admin -
In 2020, Armenia experienced one of the region’s sharpest GDP contractions—7.6 percent—as a severe COVID-19 outbreak and a military conflict with Azerbaijan late in the year impacted performance, according to World Bank's latest 'Europe and Central Asia Economic Update, Spring 2021

World Bank provides Armenia with $7.4 million to improve hospitals’ capacity

Economy admin -
Armenia’s health system response to COVID-19 and potential future pandemics, including hospitals’ capacity for case management and intensive care, will benefit from $7.4 million in Additional Financing for the Disease Prevention and Control Project, approved today by the World Bank’s Board of Executive Directors, World Bank reported today

Armenian deputy prime minister and World Bank team discuss economic priorities

Banks admin -
Armenian Deputy Prime Minister Tigran Avinyan received today a World Bank delegation led by Sylvie Bossoutrot, the Country Manager of the World Bank for Armenia , and the Local Economy and Infrastructure Development program’s team. Avinyan spoke about the priorities of Armenia’s economic development

Armenian deputy PM and World Bank regional director discussed future cooperation

Capital market admin -
Armenian Deputy Prime Minister Tigran Avinyan received today a World Bank delegation led by World Bank Regional Director for the South Caucasus Sebastian Molineus, Avinyan's press office reported

Armenian economy minister discusses with World Bank representatives trade development prospects

Economy admin -
Armenian Economy Minister Tigran Khachatryan met with representatives of the World Bank’s Trade Promotion and Quality Infrastructure program on Tuesday and discussed with them the criteria and studies arranged yet with the previous mission

World Bank new regional director for South Caucasus introduced to Armenian deputy prime minister

Banks admin -
Armenian Deputy Prime Minister Mher Grigoryan received today a World Bank delegation, led by the current WB Regional Director for the South Caucasus Mercy Tembon, who introduced her replacement Sebastian Molineus. Sylvie Bossoutrot, World Bank Country Manager for Armenia was also in attendance

World Bank is preparing country’s partnership framework strategic document for Armenia

Economy admin -
The World Bank is preparing the Country’s Partnership Framework strategic document that defines the cooperation priorities for the next four years with Armenia

WB ready to support government programs and economy development in Armenia

Banks admin -
Armenian Prime Minister Nikol Pashinyan received yesterday a delegation headed by Deborah Wetzel, Senior Director, Governance Global Practice, at the World Bank, the press office of the prime minister reports

World Bank continues cooperating with Armenian emergency ministry

Banks admin -
David Tonoyan, Armenian emergency minister, received Tuesday representatives of the World Bank’s technical assistance mission headed by Disaster Risk Management Specialist Tafadzwa Dube, the press office of the ministry reports

Armenia is one of three leading countries in Europe and Central Asia in terms of remittances

Economy admin -
Armenia is one of the three leading countries in Europe and Central Asia in terms of remittances sent home by labor migrants, according to the World Bank’s latest Regional Economic Update Migration and Mobility in Europe and Central Asia

World Bank funded $2.3 billion worth projects in Armenia over 25 years

Banks admin -
Ninety-five projects have been implemented in Armenia over the last 25 years with the assistance of the World Bank, worth $2.3 billion. Today, the bank’s credit portfolio in Armenia is $620 million, according to a statement placed on the official website of the Armenian government

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Euro jumps by 3.25 drams to 418.48 drams

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The average market exchange rate of the U.S. dollar to the Armenian dram on January 24, 2024, amounted to 398.97 drams, having risen by 0.09 points compared to January 23.

Goldman Sachs considers opportunities for cooperation with Armenia

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Armenian Prime Minister Nikol Pashinyan met with Jared Cohen, President of Global Affairs of Goldman Sachs, one of the world’s leading investment banks, within the framework of the World Economic Forum in Davos.

US dollar exchange rate up by 0.14 points, while the euro falls by 1.37 points

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The average market exchange rate of the U.S. dollar to the Armenian dram at the end of January 23, 2024, amounted to 398.88 drams, having risen by 0.14 points compared to 22 January.

Armenia to receive 45.3 million euros from Asian Development Bank to improve healthcare quality

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Armenia will receive a EUR 45.3 million loan from the Asian Development Bank for the implementation of the ‘Health Care Quality Improvement Programme’. The Armenian government made a corresponding decision on Thursday.

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