ArmInfo. The business environment and the level of development of Armenia's financial system create an attractive basis for further deepening of cooperation with the Central Bank of Armenia. This was stated during the meeting of the delegation of the regional directors of the European Bank for Reconstruction and Development (EBRD) with the Chairman of the Central Bank of Armenia Artur Javadyan.
As the press service of the Central Bank reports, the guests highly appreciated Armenia's advancement in the financial sector in recent years, stressing in this case the efforts of the Central Bank aimed at financial stability and development. In particular, they stressed the high level of professionalism of the Armenian Central Bank and the effectiveness of the Central Bank's actions aimed at financial stability in the light of the latest political developments in Armenia.
In his turn, A. Javadyan, appreciating the results of the long-term cooperation with the EBRD, noted that starting from the first day of the launch of the activity in Armenia, the Eurobank has a big role in the process of stimulating the stable development of the Armenian economy by investing in the real sector, in particular, agriculture, energy , transport, municipal and environmental infrastructure, telecommunications and, of course, the financial sector. The Head of the CBA expressed hope that the EBRD will continue to include Armenia in its regional strategic programs, declaring its readiness to continue bilateral cooperation in the same constructive style. According to the report, representatives of the Central Bank presented their policy aimed at price stability and financial stability, basic tools and registered indicators. The sides exchanged views on the implementation of joint programs.
We would like to remind that EBRD is an institutional investor in Armenia. Since the launch of the EBRD in Armenia, in particular since 1992, over 1.13 billion euros have been invested in the implementation of 157 programs in the financial, corporate, infrastructure, and energy sectors. Moreover, 88% of these investments were directed to the development of private entrepreneurship.