EBRD to assist Armenia in post-crisis period

PanARMENIAN.Net - EBRD Business Group Director for Southeast Europe. Caucasus and Central Asia Olivier Descamps is carrying out a visit to Armenia to get familiarized with the bank's current activities and assist the country in post-crisis period. "The goal of my visit was to know how successfully Armenia is overcoming crisis impact, and help country suffer minimal losses as a result of global recession," he told journalists in Yerevan. Assessing the situation in Armenia, he noted several positive tendencies in comparison with other states. "First, Armenia's banking system remained stable thanks to its liquidity and capitalization. That results from the Central Bank's sustainable policy," EBRD business group director said.



Olivier Decamps also noted that meeting with Armenian PM Tigran Sargsyan and his group clearly showed their commitments to implement reforms aimed at infrastructure development and fight against corruption as well as modernization and innovations.

During his two-day visit, Olivier Decamps will have meetings with Armenian Prime Minister Tigran Sargsyan, Minister of Economy Nerses Yeritsyan, Minister of Finance Tigran Davtyan, as well as with Governor Artur Javadyan, and the Mayor of Yerevan Gagik Beglaryan.EBRD Business group Director will also meet with representatives of international financial institutions, diplomatic and donor community in Yerevan, as well as with several companies and banks benefiting from EBRD's investments.