 Private sector development discussed at BSTDB-organized forum June 22, 2012 - 19:39 AMT PanARMENIAN.Net - A joint report by 31 multilateral and bilateral development institutions in cooperation with the private sector was delivered during the Business Forum “Armenia: Opportunities for Growth and International Experiences”, organized by the Black Sea Trade and Development Bank (BSTDB) in Yerevan. Sharing a common goal to foster development, representatives of BSTDB, IFC, a member of the World Bank Group, EBRD, KfW (Germany), and Vnesheconombank (Russia) discussed the role of the international financial community in supporting employment creation. The private sector is recognized as a driving force for sustainable growth, poverty reduction and macroeconomic stability. International Finance Institutions (IFIs) play a significant role in catalyzing private sector involvement by encouraging entrepreneurial initiatives without burdening Governments and taxpayers. The report “International Finance Institutions and Development through the Private Sector” was initiated under the sponsorship of the Private Sector Development Institutions Roundtable, which is an annual meeting of IFIs heads focusing on private sector development.   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. |
