ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.After two and a half years of recovery and sharp growth in Armenia, a decrease in exports and  imports of almost all services has been recorded since Q4 2023.  This is fraught with losses in terms of the country's balance of payments and ensuring the budgeted 7% GDP growth. Economist Aghasi Tavadyan,  associate professor of the State University of Economics of Armenia, came to this opinion after analyzing the quarterly data of the RA balance of payments.

ArmInfo. Armenia faces a number of challenges that relate to the threat of conflicts, climate change,  private sector development, logistics and public administration. This is stated in the World Bank Beyond Boundaries - Unlocking Potential for a Sustainable Tomorrow report which was presented by World Bank  Senior Specialist Lea Hakim.

ArmInfo. Market expectations of the CBA policy rate path have not changed materially since the last  decision and continue to reflect expectations of a gradual reduction in the policy rate through the end of the current year.

ArmInfo. The Thirty-fourth Session of the FAO Regional Ministerial Conference for Europe - set to take place on  14-17 May 2024 - will bring together FAO Members from the region in striving for more efficient, more inclusive, more resilient, and more sustainable agrifood systems to ensure that no one is left behind. The Organization's press release reports.

ArmInfo.The International Monetary Fund (IMF) has improved its forecast for Armenia's GDP for  2024 from the previous 5% to an updated 6% (versus actual 8.7% growth in 2023), with a slowdown to 5.2% in 2025. This is noted in the IMF World Economic Outlook, April 2024; Steady but Slow: Resilience amid  Divergenc."

ArmInfo.

ArmInfo.The Eurasian Fund for Stabilization and Development (EFSD) prepared a new working paper,  "Assessing the Potential Impact of Natural Disasters on Debt Sustainability in Armenia, Kyrgyzstan and Tajikistan."

ArmInfo.

ArmInfo.The World Bank has improved its forecast for Armenia's GDP growth for 2024 from the  previous 4.7% to an updated 5.5% (against the actual slowdown in growth in 2023 to 8.7% from 12.6% in 2022). For 2025, the economic growth forecast has also been improved, but less noticeably - from the previous 4.5% to an updated 4.9%. Over the medium term, GDP growth will gradually approach the potential 4.5%, and average  inflation will rise to the targeted 4%.

ArmInfo. The Asian Development Bank forecasts 5.7% economic growth for Armenia in 2024, with the  rate accelerating to 6% in 2025 Luke Fochtman, Deputy Country Director of ADB (Asian Development Bank )Armenia Resident Mission stated this during a press conference on April 11, presenting the ADO (Asian Development Outlook).

ArmInfo.

ArmInfo.

ArmInfo.The Eurasian Fund for Stabilization and Development (EFSD) has financed a number of projects in Armenia. Another project totaling $100 million is being prepared. The Fund supports the most important, strategic investment areas.

ArmInfo.

ArmInfo. It is expected that the development of the Amulsar mine will begin at the end of this year or the beginning of next year.  Babken Tunyan, vice-chairman of the NA Economic Affairs Committee, said on April 3 during the discussion of the project to establish a state duty for the export of gold, platinum and palladium ingots.