Armenia is capable to carry out pension reform within terms set by the government, according to Daniel Wartonick, Chief of Party of USAID Armenia Pension and Labor Market Reform Project (PALM).

“The government has set reasonable terms. Moreover, the reform will help the republic’s economic growth,” he told a PanARMENIAN.Net reporter on the sidelines of a seminar organized in Tsaghkadzor by the USAID PALM, RA government’s working group on implementation of pension reform public awareness program and European Union Advisory Group to the RA.

“Pension reform is a complicated process and public awareness and approval is an essential part of it. The USAID will render the essential technical assistance to the Armenian government,” he said.

“As to capital outflow, it’s an urgent problem for a large number of countries and to control it, the government should collaborate with the assets managers, employers. Besides, raising of public awareness and cooperating with financial negotiators would be very useful,” Mr. Wartonick said.