ArmInfo. On October 29, Minister of Territorial Administration and Infrastructures of the Republic of Armenia Suren Papikyan received the World Bank delegation  led by the head of the WB Social Investment and Local Development  Program Ivan Drabek.

ArmInfo.When developing the draft state budget of Armenia in 2020, many factors were taken into account, including external challenges that could affect the growth  of the country's economy. About this on October 28 at the hearings in  the parliamentary commissions on the draft Law on the State Budget of  the Republic of Armenia 2020, RA Minister of Finance Atom  Janjughazyan stated.

ArmInfo. "Do not provide business with tax benefits," Armenian former Prime Minister Hrant Bagratyan calls on the Armenian authorities. According to the  economist, this particular tool to support the private sector is  pulling the Armenian economy down.

ArmInfo. Repayment and servicing  of the government debt of Armenia in 2020 will cost the state  treasury $ 1.355 billion. At the same time, as expected, the nominal  GDP in the conditions of 4.9% of economic growth will increase by  approximately 529 billion drams - from 6.566.5 billion drams expected  by the end of 2019 to 7.095.1 billion drams or about $ 14.9 billion  (the calculated exchange rate of the Armenian dram to the dollar is  476.17 drams) laid down in the draft Law on the state budget of the  Republic of 2020.

ArmInfo. The World Bank (WB) forecasts for 2019 an increase in the ratio of net foreign direct investment (FDI) to GDP of Armenia from 2% to 2.3%. This was  announced on October 21 by economist Inga Galayan during a press  conference, referring to the October report of the World Migration  and Brain Drain; World Bank Europe and Central Asia Economic Update.

ArmInfo.The optimistic forecasts of the international structures - the World Bank (WB) and the International Monetary Fund (IMF) regarding the growth of GDP in  Armenia are largely due to the country's domestic policy in the  economic sector. This opinion was expressed by economist Inga Galayan  during a press conference on October 21.

ArmInfo. During the visit to the United States, Armenian Deputy Prime Minister Mher Grigoryan met with World Bank (WB) Board Member Coen Davids and World Bank Vice President for Europe and Central Asia Cyril Muller.

ArmInfo. Economic activity remains robust. The Economic Activity Index (EAI) grew by 7.6 percent year-over-year (yoy) in August, following 8.3 percent growth in July.  Industry still maintains the fastest expansion (17 percent),  supported also by reactivation of mining operations, this is stated  in ''Armenia Monthly Economic Update-October 2019'' published by  World Bank.  According to the document, services (excluding trade)  grew by 15 percent, while trade turnover increased by 9 percent. 

ArmInfo. In Washington, at the annual meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) head of the Central Bank of Armenia Artur Javadyan and IMF regional director for the  Middle East and Central Asia Jihad Azour agreed to hold a joint  scientific conference at the Dilijan Research and Development Center  in 2020.

ArmInfo.Governer  of the Central Bank of Armenia Artur Javadyan departed for Washington D.C. to take part in the 2019 annual meeting of the Boards of Governors of  the World Bank Group (WBG) and the International Monetary Fund (IMF).

ArmInfo. On October 17, chaired by Deputy Prime Minister Tigran Avinyan, a discussion was held on the program "Development of the local economy and infrastructures", financed by the World Bank (WB).

ArmInfo.The shadow share of the Armenian economy falls mainly on small and medium enterprises; in large business it is more difficult to hide the "shadow". This was stated by Chairman of the State Revenue Committee (SRC) David Ananyan on October 16 at a press conference.

ArmInfo.By the end of 2019, exports from Armenia will grow by about 7%. Armenian Economy Minister Tigran Khachatryan made such a forecast at a press conference on  October 14, summing up the results of 8 months.

ArmInfo.On October 10, RA Deputy Prime Minister Tigran Avinyan received a delegation led by Sebastian Molineus, World Bank Regional Director for the South  Caucasus.

ArmInfo. According to the World Bank, the ratio of the current account deficit to the GDP of Armenia in 2019 will reach 7.2%, and the updated forecast for the next two  years provides for a decrease - in 2020 to 6.6% and in 2021 to 6.3%.  This is noted in the WB economic report published on October 9,  "Migration and brain drain. Updating the forecast for GDP growth in  Europe and Central Asia" (Migration and Brain Drain. World Bank  Europe and Central Asia Economic Update).

ArmInfo.The World Bank's updated forecast for Armenia provides for the ratio of the state budget deficit to GDP at 0.5% in 2019 (instead of the previously  expected 2.2%), with an increase to 2% in 2020 and maintaining this  level in 2021. This is noted in the WB economic report published on  October 9, "Migration and Brain Drain. World Bank Europe and Central  Asia Economic Update".

ArmInfo.The World Bank updated the forecast on foreign trade of Armenia for 2019, expecting acceleration of export growth to 5.1% (instead of the previously  expected 8.8%) and a slowdown in the rise of imports to 4.2% (instead  of the previously expected 12.2%), against export growth of 7.8% and  imports of 21.1% recorded in 2018.

ArmInfo. According to the new World Bank forecast, the service sector and the industrial sector will act as drivers of GDP growth in Armenia in 2019-2021, and the  agricultural sector will emerge from the recession and accelerate the  ascent. This is noted in the WB economic report published on October  9, "Migration and Brain Drain. World Bank Europe and Central Asia  Economic Update''.

ArmInfo. According to the updated World Bank forecast, instead of the previously expected increase, the ratio of the state debt of Armenia to GDP in 2019 is  now expected to decrease to 52.6% from the actual 55.8% in 2018, and  to continue the decline in 2020 to 51.7% and in 2021 up to 50.6%. A  new forecast is given in the WB economic report, "Migration and Brain  Drain. World Bank Europe and Central Asia Economic Update" published  on October 9.  As a comparison, we note that the previous WB forecast  (March 2019) on the state debt of Armenia provided for a ratio to GDP  of 56.3% in 2019 with a decrease to 56% in 2020.

ArmInfo.The World Bank improved its forecast for GDP growth in Armenia for 2019 - 5.5% with a slowdown in 2020 to 5.1%, and by 2021 the expected growth rate was  maintained - 5.2%. Earlier, in the June forecast, the World Bank's  expectations for Armenia's GDP growth for 2019 and 2020 were lower -  4.2% and 4.9%, respectively. An updated forecast was published in the  World Bank's October report-economic review  "Migration and Brain  Drain. World Bank Europe and Central Asia Economic Update".