26.11.2019 17:50
YEREVAN, November 26. /ARKA/. The Asian Development Bank (ADB) said today it has endorsed a new 5-year country partnership strategy for Armenia focused on increasing economic diversification and ensuring that economic growth benefits all Armenians.
It said in a press release that Armenia became an upper middle-income country in 2018, but the country faces several development challenges including the economy’s heavy dependence on commodities, persistent poverty, and women’s labor force participation that is below 50%.
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