The International Finance Corporation is impressed by the economic indicators of Armenia last year

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 19:36,

YEREVAN, MARCH 20, ARMENPRESS. On March 20, Finance Minister of Armenia Vahe Hovhannisyan received Rana Karadsheh, Regional Director for Europe of the International Finance Corporation (IFC) of the World Bank Group, and Sebastian Molyneux, Regional Director of the WB South Caucasus. Ivana Duarte, regional director of the IFC South Caucasus, and Carolin Geginat, Country Manager of the World Bank (WB) for Armenia, were also present at the meeting.

As ARMENPRESS was informed from the Ministry of Finance of Armenia, at the beginning of the meeting, Minister Hovhannisyan, welcoming the guests, highly appreciated the presence of the International Finance Corporation in Armenia, particularly highlighting the expansion of the latter's investments in Armenia. The Minister emphasized the need to diversify the areas of cooperation with the IFC, as well as efforts to expand cooperation in possible new areas.

IFC representatives, congratulating Vahe Hovhannisyan on his appointment as Minister of Finance of Armenia, referred to the high economic growth recorded in Armenia in 2022 and noted that they consider the previous year's economic indicators to be impressive. The Minister presented details about the previous year’s and the current economic situation.

During the meeting, the sides emphasized the implementation of reforms aimed at expanding private investments in Armenia, as well as ensuring the continuity of experience exchange in this context.

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS