"Wings of Unity": Armenia needs an economy focused on production and  exports

ArmInfo.  Armenia needs to break out of the vicious cycle of consumption and instead focus on imports and build a national economy centered on production, exports,  and institutional protection. This is the main message of the  economic policy put forth  by the "Wings of Unity" initiative, led by  former Armenian Ombudsman Arman Tatoyan, as noted in a statement  received by ArmInfo.

In this vein, "Wings of Unity" compared its policy to the  government's recently published "Doctrine of Economic and  Institutional Transformation of Armenia." "Armenia's development  challenges require not only a common philosophy, but also a clear  economic model, an industrial transformation architecture, a new tax  and fiscal system, thoughtful management of geopolitical risks,  measurable goals, and managerial accountability," the initiative  emphasized.

Recall, the Armenian government approved the "Doctrine of Economic  and Institutional Transformation of Armenia" during  its January 8  meeting. Prime Minister Nikol Pashinyan presented the document. The  adoption of this legislative act, as noted, presupposes the  elimination of fragmentation in economic and institutional policy,  the enshrinement of long-term, promising, and clear principles, and  the creation of a unified structural system of programs and  subprograms, thereby ensuring a long-term, systemic, and predictable  nature of public policy. As a result of the adoption of the draft and  the implementation of its provisions, it is expected that: economic  policy will acquire a forward-looking and systemic nature; policy  predictability and confidence in the investment climate will  increase; a unified system of programs and subprograms will be  formed; the effectiveness and accountability of public administration  will be strengthened; and Armenia's economic resilience and security  stability will be enhanced.