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MFA: Armenia's Economy Discussed at a Conference in Washington, D.C.

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  • MFA: Armenia's Economy Discussed at a Conference in Washington, D.C.

    MINISTRY OF FOREIGN AFFAIRS OF THE REPUBLIC OF ARMENIA
    PRESS AND INFORMATION DEPARTMENT
    375010 Telephone: +3741. 544041 ext 202
    Fax: +3741. .562543
    Email: [email protected]:
    www.armeniaforeignministry.am

    PRESS RELEASE

    January 26, 2005

    ARMENIA'S ECONOMY DISCUSSED AT A CONFERENCE IN WASHINGTON, D.C.

    On 15 - 16 January, Washington, D.C. hosted a conference on Armenia's
    economy organized by Armenian International Policy Research Group (AIPRG).

    The Conference, entitled Income Distribution and Social Safety Net, garnered
    participation of the World Bank, International Monetary Fund, US State
    Department and other agencies, US and Armenian NGOs, research and expert
    groups.

    The speakers of the Conference included the WB experts, economists,
    representatives of Armenian Diaspora involved in education, R&D, commercial
    and state institutions of the US, students. The Conference discussed
    prospects of Armenia's economic growth and development, the country's
    macroeconomic policies, poverty level and income distribution, reforms in
    the healthcare and social security sectors, services provided by public and
    private sectors, Armenia's foreign trade and regional cooperation issues and
    Armenia-Diaspora economic cooperation.

    Armenia's Ambassador to the US H.E. Arman Kirakossyan, AIPRG Executive
    Director David Grigoryan, President of the American University of Armenia
    Harutyun Armenyan welcomed the Conference participants in their opening
    remarks. The keynote address was delivered by Chief Economic Advisor to the
    President of Armenia Vahram Nercissiantz who introduced Armenia's current
    economic and political developments, reflected on causes of certain
    drawbacks in the country's economic performance and solutions proposed to
    overcome these problems. He further explored the importance of increased
    volumes of domestic and foreign investments and continued economic reform.
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