YEREVAN, June 19. /ARKA/. Moody's Investors Service says Singapore has demonstrated a very high degree of resilience to global financial shocks, despite the openness of its economy and its dependence on global trade and finance, finanzen.net portal informs.

Singapore's Aaa sovereign rating and stable outlook reflect Moody's assessment in four factors, namely its "very high" economic, institutional, and government financial strengths, as well as its "low" susceptibility to risks from financial, economic, and political events.

According a new Moody's report titled "Credit Analysis: Singapore," the substantial accumulation of public savings, along with fiscal prudence and a fully funded public pension system, supports the Singaporean government's strong financial position.

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EBRD commitments in Armenia exceed 400 million euro.

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European Bank for Reconstruction and Development (EBRD) Business Group Director Olivier Descamps said Tuesday in Yerevan EBRD’s financing of projects in Armenia next year may exceed $100 million.

Categories: Economy @en, General news, News | Comments Off on EBRD expects its commitments to reach approximately $150 million in Armenia by the end of 2009

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