Economy Minister: One of  directions for accelerated economic  development in Armenia by 2031 could be consolidation of all  micro-strategies into six major ones

ArmInfo. One of the directions for accelerated economic development in Armenia by 2031 could be the consolidation of all micro-strategies into six major  ones,  as stated by RA Minister of Economy Gevorg Papoyan during a government hour in the National Assembly on December 3, in response   to a question from Sergey Bagratyan, a member of parliament from the ruling Civil Contract faction.

The deputy, particularly, inquired about the possibility of doubling  the country's economy in the next five years and through which  specific areas.

Papoyan noted that this consolidation should be considered in the  context of two global policies: economic development and  infrastructure development. In the long term, it is also crucial to  ensure high and sustainable annual GDP growth rates-in the range of  6%-7%. This is already being actively pursued through investments in  infrastructure and human capital development.

Much is said, for example, about infrastructure investments-the  construction of roads, schools, kindergartens, medical centers,  reservoirs, etc.-but considerable attention is also being paid to the  development of human capital and technology. Three major technology  assistance programs, totaling $1.5 billion, are already being  implemented, benefiting tens of thousands of citizens.