  RA economic policy will allow Armenia to rank among upper-middle-income economiesOctober 17, 2009 - 19:03 AMT PanARMENIAN.Net - Armenian Prime Minister Tigran Sargsyan met Saturday with Dr. Ngozi Okonjo-Iweala, Managing Director of the World Bank, the government's information center reported. Briefing on the economic situation in the republic, PM Sargsyan presented the government's anti-crisis policy aimed at development of infrastructure, improvement of business environment and assistance to small and medium-sized businesses. Dr. Okonjo-Iweala hailed the measures and said that the progress fixed in Armenia will help it enlist comprehensive support for implementation of new programs. "Your economic policy will allow Armenia to rank among upper-middle income economies," she said. The officials also discussed the Blue ocean strategy which supposes creation of a new market space or "Blue Ocean" rather than competing in an existing industry. They referred to restructing of Armenia's external debt to ease debt service for the state budget. After the meeting, the officials participated in the opening ceremony of new premises of WB Yerevan Office.   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 |  Related sections Latest news Family of Ilham Aliyev’s security chief owns vast property in UK  As head of security for Azerbaijan’s president, Eyyubov is closely trusted by one of the world’s most authoritarian leaders.Armenian army holding strategic command, staff drills Live firing will be carried out using automatic control systems and modern equipment.Mirzoyan says meeting with Bayramov was “constructive” At the moment, Ararat Mirzoyan said, there is no basis for additional comments.OSCE vows support for Armenia “in all three directions of security” Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. |
