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    November 2022
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  • Archive for November 3rd, 2022

    Mher Ananyan elected chairman of Board of Union of Banks of Armenia

    Thursday, November 3rd, 2022

    At a regular meeting the Board of the Union of Banks of Armenia (UBA) elected Mher Ananyan, the Executive Director and Board Chairamn of ARARATBANK OJSC as  new Chairman of the Board of the Union of Banks of Armenia

    Armenia's public debt to decrease to 51% of GDP in 2022 - IMF forecast

    Thursday, November 3rd, 2022

    IMF said in a statement that fiscal overperformance and dram appreciation have contributed to a significant decline in Armenia’s public debt, which is expected to drop to 51 percent of GDP this year from 60.3 percent of GDP in 2021

    IMF Staff Reaches Staff-Level Agreement with Armenia on Precautionary Stand-By Arrangement

    Thursday, November 3rd, 2022

    At the request of the Armenian authorities, a staff team from the International Monetary Fund (IMF), led by Ms. Iva Petrova, visited Yerevan from September 26 to October 6 to discuss a three-year economic program supported by an IMF precautionary Stand-By Arrangement, IMF said in a press release on Wednesday