The Asian Development Bank (ADB) has appointed Don Lambert as its new Country Director for Armenia. He officially started the role today and joined the Armenia Resident Mission
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Archive for July 31st, 2023
New ADB Country Director for Armenia Assumes Office
Monday, July 31st, 2023Fitch expects Armenian economy to grow by 7.2% in 2023
Monday, July 31st, 2023Armenia has had a strong rebound from successive shocks in recent years since its downgrade in 2020, Fitch Ratings said as it has upgraded Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-‘ from ‘B+’. The Outlook is Stable
Fitch expects Armenian dram to moderately depreciate in 2023-24
Monday, July 31st, 2023Sharp increases in money transfers and movement of migrants from Russia have contributed to a sustained strengthening of the dram since mid-2022, Fitch Ratings said as it has upgraded Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-‘ from ‘B+’. The Outlook is Stable
Fitch expects Armenia’s government debt to stabilize at around 44.6% in 2023-25
Monday, July 31st, 2023Fitch ratings said in a report that Armenia’s government debt/GDP fell sharply to 46.7% in 2022 from 60.2% in 2021 due mainly to currency appreciation, but also due to the strong nominal GDP rebound and fiscal consolidation
