ArmInfo. It is a thankless task to provide precise forcasts regarding the impact of the "Trump Path for International Peace and Prosperity" (TRIPP Implementation Framework) on Armenia's GDP, as stated by Armenian Finance Minister Vahe Hovhannisyan at a press - briefing on January 21, in response to a question from ArmInfo.
According to him, the economic impact of the project, if implemented, will depend on both the actual amount of goods transported and other related effects, in particular the reopening of the border with Azerbaijan and Turkey. For example, the Ministry did not consider the development of certain processes with Azerbaijan. Meanwhile, according to Hovhannisyan, the import of diesel fuel from Azerbaijan, and possibly liquefied gas in the future, is already having a positive impact on Armenia's GDP. Regarding the required TRIPP investment package, the Minister of Finance said he currently has no information, as this will be determined during the design stage or after its completion.
"We have a general estimate, that is, how much it will cost to unblock and replenish missing infrastructure-these estimates were made several years ago; we're talking about approximately $500 million. But time, of course, makes its own adjustments," the Minister emphasized.
Echoing recent statements by Prime Minister Nikol Pashinyan that the government is now in a position where money is seeking Armenia rather than the other way around, Vahe Hovhannisyan emphasized Armenia's growing appeal to the international financial community. He cited the increasing participation of international investors in Armenian government bonds. "I believe Armenia is transforming into a highly attractive destination for investors," the Minister of Finance concluded.
