{"id":70734,"date":"2014-02-07T11:09:07","date_gmt":"2014-02-07T11:09:07","guid":{"rendered":"https:\/\/armbanks.am\/2014\/02\/07\/240205\/"},"modified":"2024-12-15T13:09:37","modified_gmt":"2024-12-15T13:09:37","slug":"sustainable-development-diversification-key-strategic-directions-of-armenian-central-bank-javadyan","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2014\/02\/07\/70734\/","title":{"rendered":"Sustainable development, diversification key strategic directions of Armenian Central Bank – Javadyan"},"content":{"rendered":"

TSAKHKADZOR, February 7. \/ARKA\/.<\/strong> Stable development and diversification of the financial system are the key directions of Armenian central bank\u2019s strategy, head of the Central Bank of Armenia Artur Javadyan said.<\/p>\n

A developed capital market is required for achieving these targets, Javadyan said at the opening of \u201cArmenian capital market: New opportunities and challenges\u201d in Tsakhkadzor Friday.<\/p>\n

Development of the capital market remains a priority, the head of the Central Bank said adding good progress is recorded in development of institutional and market infrastructures.<\/p>\n

\u201cWe are constantly promoting investors and issuers to expand investment capacities through issuance of securities\u201d, Javadyan said adding a number of rating organizations have been invited to Armenia<\/p>\n

\u201cWe have already received a cooperation offer from Fitch\u201d, Javadyan said.<\/p>\n

The head of the central bank said huge efforts were made to raise investor, issuer and public awareness of Armenia\u2019s capital market. Further measures include building a local corporate bond market to eventually form a liquid market for attracting new capital.<\/p>\n

\u201cCreating regional capacities, together with Georgia and Russia in particular, is on our agenda\u201d, head of the Central Bank of Armenia said.<\/p>\n

The recent instability in the global and developing markets may contribute to reduction in capital flow to new markets, and Armenia should ensure outstripping growth rates compared to major markets to attract many investors to the country, Javadyan said.
\n\u201cWe intend to do it\u201d, he said.<\/p>\n

Conference entitled \u201cArmenian capital market: New opportunities and challenges\u201d started in Armenia\u2019s Tsakhkadzor resort town Friday. The conference is attended by head of the Central Bank of Armenia Artur Javadyan, minister of finance David Sargsyan, EBRD head of department for local forex and capital markets Andre Kuusvek, director of NASDAQ OMX Armenia stock exchange Konstantin Saroyan, IMF resident representative in Armenia Teresa Daban Sanchez, heads of Armenian banks and representatives of leading financial organizations. \u20130–<\/p>\n","protected":false},"excerpt":{"rendered":"

Stable development and diversification of the financial system are the key directions of Armenian central bank\u2019s strategy, head of the Central Bank of Armenia Artur Javadyan said<\/p>\n","protected":false},"author":1,"featured_media":157879,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,12139,9216],"tags":[15837,15865,13606,310],"class_list":{"0":"post-70734","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-economy-en","9":"category-news","10":"tag-armenia-2","11":"tag-central-bank-2","12":"tag-financial-system","13":"tag-310"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/70734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=70734"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/70734\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157879"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=70734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=70734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=70734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}