YEREVAN, May 26. /ARKA/. Arthur Javadyan, chairman of the Central Bank of Armenia and members of the regulator’s board met with José Piñera, the architect of Chile’s private pension system on Wednesday, the central bank’s press office reports.

Piñera spoke on social insurance in Chile at a conference held in Armenia.

Representatives of the Armenian president’s administration, the government, insurance companies as well as MPs, businessmen, bankers, diplomats, experts at international organizations and members of unions attended the event.

After thanking the guest, Javadyan stressed that some countries had followed the example of Chile in reforming their pension systems.

Piñera, on his side, said that the system established 30 years ago is successfully working now. Thanks to this system Chile is becoming one of the South America’s developed countries. -0-