IMF improves 2017 GDP growth forecast for ArmeniaOctober 12, 2017 - 11:34 AMT PanARMENIAN.Net - Armenia's economy is set to grow 3.5% in 2017, up from an earlier estimate of 2.9%, the International Monetary Fund said in its World Economic Outlook update for October. The IMF lefts its 2018 forecast of 2.9% GDP growth unchanged. Armenia's economy grew just 0.2% in 2016, with the government initially eyeing a 3.2% growth for 2017. Later on, however, the country's finance minister Vardan Aramyan said thatthe economy is set to grow by 4.3% this year. Also, Aramyan said in late September that the government planned to sell $500 million worth of Eurobonds in 2019 or 2020 to refinance a seven-year bond that matures in 2020. 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 | Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. |