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. 

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).

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.

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.

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.

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.

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. 

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.

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.

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.

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.

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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.  

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ArmInfo.IFC and Amundi-Acba Asset Management unveiled a new partnership today to catalyze private sector investment in infrastructure projects, and support job creation and economic growth in Armenia.

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.

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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.

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.

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.