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ARMENIA NEEDS GOOD POLICY OF USING MONEY TRANSFERS FROM ABROAD
ARKA
July 17
Armenia needs to work out a good policy of how to use the inbound
transfers from individuals, Chief of the Migration Agency of Armenian
Labour and Social Affairs Ministry Gagik Yeganyan believes.
"We should bear in mind that mismanagement of money inflows may lead
to some undesired outcome. The government can apply certain methods
to use these sums for the development of various economic sectors,"
Yeganyan said in a seminar dedicated to the findings of a research
on the effective management of labour migration.
The research was to reveal the possible ways to enhance the positive
influence and reduce the negative outcome of migration to be included
in state policy in the future.
According to him, money transfers arriving in Armenia from abroad,
reaching $1bln in the recent years (19% of GDP), have contributed
largely to the two-digit GDP growth of the past four years.
Meanwhile, the migration agency chief said migration is important
both for Armenia and the receiving country. In Russia, for example,
migrants created one million jobs in the recent years.
The proposals and strategies developed during the seminar will
be submitted to the government. The seminar was organized by the
International Labour Organization.
ARKA
July 17
Armenia needs to work out a good policy of how to use the inbound
transfers from individuals, Chief of the Migration Agency of Armenian
Labour and Social Affairs Ministry Gagik Yeganyan believes.
"We should bear in mind that mismanagement of money inflows may lead
to some undesired outcome. The government can apply certain methods
to use these sums for the development of various economic sectors,"
Yeganyan said in a seminar dedicated to the findings of a research
on the effective management of labour migration.
The research was to reveal the possible ways to enhance the positive
influence and reduce the negative outcome of migration to be included
in state policy in the future.
According to him, money transfers arriving in Armenia from abroad,
reaching $1bln in the recent years (19% of GDP), have contributed
largely to the two-digit GDP growth of the past four years.
Meanwhile, the migration agency chief said migration is important
both for Armenia and the receiving country. In Russia, for example,
migrants created one million jobs in the recent years.
The proposals and strategies developed during the seminar will
be submitted to the government. The seminar was organized by the
International Labour Organization.