Today the RA National Competitiveness Council held its 12th enlarged session at the Government’s Guest House, chaired by RA Prime Minister Tigran Sargsyan.

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Friday, 18 September 2009

Today the RA National Competitiveness Council held its 12th enlarged
session at the Government’s Guest House, chaired by RA Prime Minister
Tigran Sargsyan.

The agenda comprised the following items: review of economic
development trends worldwide and at home, submission of projects on
the launching and expansion of the all-Armenian network, hearing of
Competitiveness Fund’s performance report, discussion of its by-laws
and rules of procedure. The session was attended by representatives
from the Armenian private sector and donor community.

Prime Minister Tigran Sargsyan briefed the participants on Armenia’s
current economic standing and development prospects, outlined ways
of achieving enhanced national competitiveness. In attendance was
Senior Minister of the Republic of Singapore Lee Kwan Yu, a former
prime minister and the author of the economic miracle operated in that
country. He spoke about the lessons drawn out from his government’s
drive to enhance Singapore’s national competitiveness.

Mindful of the importance of today’s meeting, Tigran Sargsyan said
in particular: "This meeting is particular in that it is attended by
former prime ministe r of Singapore, Senior Minister Lee Kwan Yu who
is in Armenia at the invitation of the Armenian President, and we can
avail ourselves of this exclusive opportunity to discuss a wide range
of topical issues. This is also an opportunity to formulate and state
the Fund’s mission. First, the Council of the Fund attempted to make
the concept clearer to the public.

Its ideology basically stems from the principle of public-private
sector cooperation. The National Competitiveness Fund is a new tool
enabling the State to carry out serious programs in cooperation with
the private sector, and demonstrate to the international community
the present and future roles of Armenia and Armenians. This means
we should know what we are in for in terms of modern challenges, and
which way we can uplift Armenia’s national competitiveness based on
the principle of public-private sector cooperation."

In the words of Singapore’s Senior Minster, Armenia should manage to
step over its regional neighbors and reach a new stage of development
in quality terms by making a better use of Diaspora’s potential.

Republic of Armenia Prime Minister Tigran Sargsyan and Republic of
Singapore Senior Minister Lee Kwan Yu answered a set of questions of
interest to media.