Armenia is one of three leading countries in Europe and Central Asia in terms of remittances
25.10.2017 18:05
YEREVAN, October 25. /ARKA/. Armenia is one of the three leading countries in Europe and Central Asia in terms of remittances sent home by labor migrants, according to the World Bank’s latest Regional Economic Update Migration and Mobility in Europe and Central Asia.
According to the WB update, remittances account for 13.9% of Armenia’s gross domestic product GDP. According to Armenia’s National Statistical Service, private remittances sent to Armenia through banks for non-commercial purposes exceeded $1 billion in the first 8 months of this year, which was $160 million, or 17.5% more than in the same period last year.
In 2016 a total of $1.532.8 billion were remitted to Armenia (a 6% decrease from the previous year), and $816.9 million were remitted from Armenia to other countries (an increase of 7.3%).
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World Bank funded $2.3 billion worth projects in Armenia over 25 years
11.09.2017 20:55
Ninety-five projects have been implemented in Armenia over the last 25 years with the assistance of the World Bank, worth $2.3 billion. Today, the bank’s credit portfolio in Armenia is $620 million, according to a statement placed on the official website of the Armenian government
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World Bank in Armenia has new country manager
08.09.2017 20:18
Armenia’s Minister of Economic Development and Investments Suren Karayan received today a delegation, led by Mercy Tembon, World Bank Director for the South Caucasus, Europe and Central Asia
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Armenia’s finance minister took part in the spring meeting of IMF and World Bank in Washington
24.04.2017 17:35
Armenia’s finance minister Vardan Aramyan took part in the spring meeting of the IMF and the World Bank in Washington, USA, the Armenian ministry said
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Armenia and World Bank sign US$50 million development policy finance operation to support government’s reforms program
09.12.2016 16:53
Armenia and the World Bank signed December 8 a US$50 million development policy finance operation to support the Government’s reforms program across key economic areas
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Yerevan to host meeting of Netherlands- Belgium group of IMF and World Bank
06.06.2016 17:20
In 2017 June Armenia’s capital Yerevan will be hosting a regular meeting of countries, which are members of the Netherlands-Belgium group at the International Monetary Fund (IMF) and the World Bank
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World bank approves US$30 million loan for power sector financial recovery program-for-results (pforr) for Armenia
28.04.2016 18:21
The World Bank Board of Executive Directors approved April 27 a US$30 million loan for the Power Sector Financial Recovery Program-for-Results (PforR) for Armenia
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Poverty reduction and income growth in Armenia likely to stagnate during 2017-18, World Bank update
19.04.2016 18:11
Poverty reduction and income growth across all levels of the welfare distribution in Armenia are likely to stagnate during 2017-18
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Non-performing loans grown more than twice in Armenia in 2015
10.03.2016 17:13
Non-performing loans soared from 3.7 percent at the beginning of 2015 to above 9 percent towards the end of the year
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World Bank says Armenia’s 2016 growth to remain sluggish at 2.5 percent
09.03.2016 18:14
Armenia’s GDP growth slowed to 3.0 percent in 2015 in light of the weakening external conditions, in particular Russia’s recession
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