WB to issue 92.3mln Euro loan to Armenia for supporting country`s  budget
 Thursday, May 11 2023, 13:03

ArmInfo.The International Bank for Reconstruction and Development (IBRD), the lending arm of World  Bank Group, will issue a 92.3mln Euro loan to Armenia for supporting the country's budget. 

IMF improves Armenia`s 2023 GDP forecast from 4.5% to 5.5%, expecting  inflation to slow down from 8.3% to 5.5%
 Wednesday, April 12 2023, 17:00

ArmInfo.The International Monetary Fund (IMF) has improved its 2023 forecast for Armenia's GDP growth from the previous 4.5% to an updated 5.5% (against the actual  12.6% growth in 2022). The Fund also revised its expectations for inflation to 5.5% instead of the previously indicated 6% (from inflationary 8.3% for 2022).

From beneficiary to donor: Armenia change its status in WB  International Development Association 
 Tuesday, April 11 2023, 14:40

ArmInfo. Today, Armenia became an official donor to the World Bank's International Development Association (IDA) with a paid-in contribution of $1 million, the WB  Armenian office reports.

Armenia to receive another EUR 92.3 million loan from WB to finance  budget deficit
 Tuesday, April 4 2023, 17:28

ArmInfo. The World Bank will provide Armenia with a budget loan in the amount of 92.3 million euros. The loan agreement "Green, sustainable and inclusive  development policy" was signed at the Ministry of Finance of Armenia  between  Head of the Ministry of Finance Vahe Hovhannisyan and  Country Manager of the World Bank for Armenia  Carolin Geginat.

Mher Grigoryan to take part in IMF and WB  2023 Spring Meetings in Washington
 Friday, March 31 2023, 14:41

ArmInfo. Deputy Prime Minister of the Republic of Armenia Mher Grigoryan will take part in the s the International Monetary Fund (IMF) and World Bank Group (WBG) Spring Meetings  from April 7 to April 15, 2023 in Washington.  According to the official website of the government, the corresponding decision was signed by Prime Minister Nikol Pashinyan.

WB approves new EUR 92.3 million loan to promote Green, Resilient and  Inclusive Development in Armenia
 Saturday, March 25 2023, 17:26

ArmInfo.The World Bank's Board approved today a new EUR 92.3 million (US$100 million equivalent) loan for the Armenia Green, Resilient and Inclusive Development  Policy Operation (DPO). This is stated in the message of the WB.

Armenia to get EUR 92.3mln WB loan for budget deficit coverage 
 Thursday, March 23 2023, 12:49

ArmInfo.Armenia's government has approved a proposal to sign a 92.3mln Euro loan agreement between Armenia and the World Bank (WB) for financing the 2023 budget  deficit. 

Ameriabank honored as the Best Investment Bank in Armenia for 2023 by Global Finance 
 Tuesday, March 21 2023, 17:41

ArmInfo.Ameriabank has been named the Best Investment Bank in Armenia by Global Finance, a leading international financial publication. The award recognizes Ameriabank excellence in investment banking and its ability to provide tailored investment banking and advisory solutions designed to meet the clients’ diverse financial needs.

S&P Outlook for 2023: Central Asia and Caucasus banking sector  outlook remains strong despite rising geopolitical tensions
 Monday, February 27 2023, 16:48

ArmInfo.According to the forecasts of the American Standard and Poor's (S&P) rating agency for 2023, the prospects of the banking sector in the Central Asia and Caucasus region remain stable. This is noted in the analytical materials posted on the S&P website.

Armenia`s GDP increased by 12.6% in 2022 against background of 64-78%  increase in exports and imports
 Monday, February 20 2023, 14:12

ArmInfo. Armenia's GDP grew by 12.6% in 2022, far exceeding not only 5.7% in 2021, but also the pre-Covid 7.6% in 2019, reaching 8.497 trillion drams ($19.5  billion).  This is evidenced by the data of the RA Statistical  Committee published on February 20.

Armenian Finance Ministry, WB representatives outline future joint  projects
 Friday, February 3 2023, 17:59

ArmInfo.On February 3, Minister of Finance of Armenia Vahe Hovhannisyan received World Bank (WB) Regional Director for South Caucasus Sebastian Molineus and Molineus and Country Manager of the World Bank for Armenia Carolin Geginat.

 Friday, February 3 2023, 14:58


Ameriabank leads Armenian mortgage market
 Friday, January 27 2023, 22:54

ArmInfo.Ameriabank has been the absolute leader on the mortgage market for five years in a row.  According to the press service of the Bank, in 2022, the bank's  mortgage portfolio grew by AMD 45 blnor 32%, totaling AMD 186 bln.  Ameriabank'smarket share is reaching 22 % as of 31.12.2022.  

 Tuesday, January 24 2023, 14:36


IMF Executive Board Approves New Stand-By Arrangement for Armenia
 Tuesday, December 13 2022, 21:09

ArmInfo. The Executive Board of the International Monetary Fund (IMF) approved SDR 128.8 million (about US$171.1 million) 36-Month Stand-By Arrangement (SBA) for  Armenia to help maintain macroeconomic stability, provide insurance  against downside risks, and support structural reform agenda.

 Friday, December 9 2022, 20:40


Forecast: Without social support, poverty rate in Armenia could rise  to 49%
 Friday, December 2 2022, 11:07

ArmInfo. The poverty rate in Armenia at the end of 2021 averaged 26.5%, of which 1.5% falls on the extremely poor population (against 27%, of which 0.7% is below the extreme poverty line in 2020). This is noted in the joint report of  the RA Statistical Committee and the World Bank: Social Snapshot and  Poverty in Armenia.

Expert: There are a lot of random people in the tourism sector of  Armenia today
 Tuesday, November 29 2022, 19:08

ArmInfo.he Armenian Association of Professional Tourist Guides (AAPTG) came up with a proposal to develop a law in the tourism industry that would provide  for the licensing of guides wishing to work in Armenia. This proposal  was voiced during a press conference on November 29 by an expert in  the field of tourism, writer, journalist Ruben Pashinyan.

Discussions on concept of comprehensive health insurance held in  Armenia with participation of WB representatives
 Monday, November 14 2022, 15:50

ArmInfo. The delegation of the Ministry of Economy of Armenia, headed by Minister Vahan Kerobyan and his Deputy Rafael Gevorgyan, took part in discussions on the  concept of comprehensive health insurance. This is stated in the  official message of the Ministry of Economy, published on Facebook.  

Exchange rates