Friday, April 3 2020 17:05
Alina Hovhannisyan

UNCTAD is ready to update  report on investment policy of Armenia

UNCTAD is ready to update  report on investment policy of Armenia

ArmInfo. The United Nations Conference on Trade and Development (UNCTAD) is ready to update the report with an analysis of the investment policy of the Republic of  Armenia in the context of global challenges and opportunities.  Director of Investment and Enterprise at the United Nations  Conference on Trade and Development (UNCTAD) James Zhan stated this,  during a video conversation with the President of Armenia Armen  Sarkissian, noting that he would start this process as soon as  possible.

According to the press service of the head of state, recalling the  meeting in 2019, within the framework of which it was proposed to  analyze the investment policy of the Republic of Armenia, Armen  Sarkissian noted that today, when the coronavirus pandemic has become  a paramount challenge for the global economy, this proposal is more  than relevant and refers to the economies of all countries of the  world. In particular, he emphasized: "It is very valuable and  important for Armenia to update the report on our country, including  the impact of COVID 19 on the economy, its possible consequences and  proposals for overcoming them."

In turn, James Zhan asked the President, as also Chairman of the  UNCTAD Panel of Eminent Persons, to organize consultations with the   members of the group to exchange experience and information on the  matter. It was agreed that consultations on these and other issues  with the President of the Republic of Armenia will be extended in the  coming weeks.

To note, UNCTAD is a body of the UN General Assembly. The conference  was established in 1964, with headquarters in Geneva. To date, the  conference has 195 countries. UNCTAD decisions are made in the form  of resolutions and are advisory in nature.

In October 2019, President Sarkissian was elected Chairman of the  UNCTAD Eminent Persons Group. The group provides advice regarding the  vision of trade and development for the next 10 years, on the key and  urgent challenges of economic development, offers ideas and solutions  to overcome them. The members of the group are heads of state and  government, reputable economists and experts

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Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

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СПРОС (Покупка)

USD

Средневзв. Цена

482,00

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  USD

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-

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USD

Цена откр.

482,00

Цена закр.

482,00

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482,00

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482,00

-0.16

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1

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