  WB: inflation management serious challenge for Armenia March 23, 2011 - 12:44 AMT PanARMENIAN.Net - The World Bank is apt to think that Armenia will register 4-5% economic growth by the end of 2011. “If the country can avoid negative factors from outside like energy or food crises, it will maintain the inflation target envisaged by the Central Bank,” said Jean-Michel Happi, World Bank Armenia Country Manager. “Inflation management is a serious challenge for Armenia,” he said. “The rising prices affect the most vulnerable strata of the population. That is why we support the government’s policy and are open for cooperation to that end.” At that same time Mr. Happi emphasized that the governmental policy on curbing inflation and toughening of the monetary policy by the Central Bank should be balanced.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
