ArmInfo. The structure of Armenia's external debt is moderately diversified. Debt for multi-country credit programs dominates in the total volume of external debt ($ 5.1 billion by October 1, 2017) - 66.7% or $ 3.4 billion. Then, non-residents' investments in Armenian Eurobonds - 17.3% or $ 873.4 million, and debts under bilateral credit programs ($ WB: IDA - $ 1.1 billion and IBRD - $ 659.5 million), by 11% ($ 550.9 million), and the increase in the number of loans made by the World Bank amounted to 14.4% or $ 730.4 million.

ArmInfo. The RA State Revenue Committee (SRC) and the World Bank (WB) expressed readiness to continue constructive cooperation. The parties stated this on November 16 during the meeting of the chairman of the KGD Vardan Harutyunyan and the WB delegation headed by Migara de Silva.

ArmInfo. To the ratings of  some international financial organizations it is necessary to show a  rational approach. Prime Minister of Armenia Karen Karapetyan stated  at the press conference, commenting on the fact that in the World  Bank's Doing Business ranking - 2018 Armenia retreated by 9 points.  "Despite the fact that we have surrendered our positions, in this  rating we are located next to Belgium, so we need to take a rational  approach to such ratings," the prime minister said. At the same time  he pointed to the weaknesses of Armenia, which led to the reduction  of the republic's positions in this rating - the judicial system, the  process of bankruptcy and bank lending. "As for the sphere of bank  lending, we are already taking concrete steps to remedy the  situation," he said.

ArmInfo. According to the published World Bank rating Doing Business - 2018, Armenia not only did not retain its positions, but slid down. This fact at the meeting of the RA Government had to be ascertained by RA Prime Minister Karen Karapetyan.  According to him, the report shows that the republic, in spite of improvement of five indicators out of 11, however, by 9 points deteriorated its rating. At the same time, as the prime minister noted, in others the progress of Armenia is obvious. In particular, in the index the global competitiveness of the World Economic Forum Armenia moved from the 79th place to the 73rd, and in the index of economic freedom, calculated annually by the Wall Street Journal and the Heritage Foundation research center, the republic rose from the 54th to the 33rd horizontal.

ArmInfo. In the World Bank's  annual Doing Business 2018 rating on the terms of reference business  in the states of the world, Armenia deteriorated its position by 9  points. The Republic is located on the 47th place, between Italy  (46th place) and Hungary (48th place).  Despite the worsening of the  position, Armenia improved its performance on several rating  criteria. In particular, the World Bank experts note the progress  recorded in Armenia in terms of "business start-up", "construction  permission", "connection to electricity networks", etc.

ArmInfo. Armenian Finance Minister Vardan Aramyan , as part of  the annual meetings of the World Bank (WB) and the International Monetary Fund (IMF)in Washington,   took part in the discussion on the countries of Central Asia and the Caucasus. The discussion was  conducted by the Deputy Managing Director of the IMF Tao Zhang, the press service of the Armenian  Ministry of Finance reports.

ArmInfo. RA Minister of Finance  Vardan Aramyan took part in the plenary meeting of the International  Monetary Fund and the World Bank in Washington. WB Group Chairman Jim  Jong Kim and IMF Managing Director Christine Lagarde addressed the  meeting.

ArmInfo. Head of the Central Bank of Armenia Artur Javadyan left for Washington on a working visit to attend the annual meeting of the IMF Board of Governors and the WB group of organizations in 2017. According to the  press service of the Central Bank of Armenia, ,Javadyan will also take part in the plenary meetings and the meeting of the countries of the Netherlands / Belgium subgroup of the IMF and WB.

ArmInfo. After a noticeable  decline in the volume of remittances in Europe and Central Asia over  the past three years, by the end of 2017, their annual growth will be  8.6%, the World Bank's analytical forecast on migration trends and  the world market of money transfers Migration and Remittances says.

ArmInfo. Prime Minister of Armenia Karen Karapetyan received a delegation of the World Bank led by Vice President for Europe and Central Asia Cyril Muller.

ArmInfo. Prime Minister of Armenia Karen Karapetyan took part in the opening of the forum dedicated to the 25th anniversary of the World Bank activity in Armenia, according to Armenian Government press service.

ArmInfo. The Minister of Economic Development and Investments of Armenia, Suren Karayan, met with the delegation of the World Bank (WB), led by the Director of the World Bank in the South Caucasus, Europe, Central Asia region, Ms. Mercy Tembon.

ArmInfo. Minister of Agriculture of the Republic of Armenia Ignaty Arakelyan on September 8 received a delegation of the World Bank headed by Director of the World Bank for the South Caucasus, Europe and Central Asia Mercy.

ArmInfo. In Armenia, works   began on upgrading the electric substation "Akhtanak", "Charentsavan  -3" and "Vanadzor-1." This was reported by the press service of the  Ministry of Energy Infrastructures and Natural Resources of the  Republic of Armenia.

ArmInfo. The Central Bank of Armenia revised the forecast for GDP growth for 2017 from 3.3-4.8% to 3.9-4.8%. At the same time, the medium-term forecasts on the GDP growth of the Central Bank changed insignificantly: in 2018 - 2.8-4.2% against the previous 2.7- 4.5%, in 2019 - 3.2-4.8% against the previous 3.1- 5.2%, in the first half of the year 2020 - 3.7-5.4%. This is noted in the updated monetary and credit program of the Central Bank of Armenia, which explains that the drivers of economic growth will be the industrial sector and the services sector.

ArmInfo. The Chinese electro-engineering company Xian continues the implementation of the project on the modernization of the electric substations Vanadzor-1 and Ashnak in Armenia.

ArmInfo. As of August 10 of the 170 programs submitted to the Ministry of Territorial Administration and Development of Armenia, which is responsible for the adoption of regional investment projects, 14 are financed. Earlier, the Armenian government has discussed 108 of them, 58 approved.  As the press-service agency, at this point we have already been approved and financed 14 investment projects of Lori, Gegharkunik, Tavush, Aragatsotn, Armavir, Vayots Dzor, Kotayk region of Armenia.  Received funding for the program concerned, in particular, the development of livestock (community Ayrum, Lori region), production of canned products (Vanadzor, Lori and community Koti, Tavush region), cheeses (the city of Sevan, Gegharkunik), goat cheese (Gohtanik, Vayots Dzor) dried fruit (Yeghegnadzor, Vayots dzor), breeding chinchillas (Vardenis, Gegharkunik region), growing strawberries multiple (Ijevan, Tavush and community Aytah Armavir region), the creation of grape / peach orchards (Karakert community Armaviskoy area), and development Horticulture (Hrazdan, Kotayk), expansion of tourism opportunities GHB community, Vayots Dzor region, the creation of production of metal goods (northern communities of Ashtarak, Aragatsotn region), restart the refrigeration sector (community acyclic, Armavir).

ArmInfo. The EU-ASIA Business Finance Centre is interested in conducting a technical audit of the Nairit plant. The former director of the chemical corporation Karen Israelyan stated this during a press conference in the agency "Noyan Tapan" on August 8. He noted that the representatives of the holding prepared a "Memorandum of Understanding" for this purpose, a document that will soon be submitted to the government of Armenia. If it is signed by the government, the holding company will be able to attract an audit company to conduct a full technical examination of the enterprise to prepare feasibility study.

ArmInfo. Armenia in the debut contest of the World Bank The 2017 Global RIA Awards is recognized Winner in category "A" - Impact of the Regulatory Impact Assessment (ODS) on public policy. The results of the 2017 Global RIA Awards are available on the WB website(http://www.worldbank.org/en/events/2016/12/20/the-2017-global-ria-award?cid=ECA_FB_Armenia_EN_EXT#6).

ArmInfo. The Minister of  Transport, Communications and Information Technologies of Armenia,  Vahan Martirosyan, August 3 received a delegation of the World Bank  (WB), headed by the head of the working group, expert on private  sector development Hiroyuki Tsuzaki.