YEREVAN, October 19, /АRКА/. World Bank Managing Director Ngozi Okonjo-Iweala said Armenia’s economic structure must be changed to take the country out of the crisis.

“Despite the government’s correct response to the situation it is obvious that Armenia’s economy needs structural changes to ensure a way out of the crisis in future,’ she said at a news conference in Yerevan.

Ngozi Okonjo-Iweala said the crisis has revealed the dependence of Armenian economy on remittances from abroad which made 18% of its GDP before the crisis.

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Tags: bank @en, Director, economic, Ngozi, Okonjo-Iweala, World

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