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EBRD TO ASSIST ARMENIA IN POST-CRISIS PERIOD
PanARMENIAN.Net
24.11.2009 19:57 GMT+04:00
/PanARMENIAN.Net/ EBRD Business Group Director for Southeast Europe.
Caucasus and Central Asia Olivier Descamps is carrying out a visit
to Armenia to get familiarized with the bank's current activities
and assist the country in post-crisis period. "The goal of my visit
was to know how successfully Armenia is overcoming crisis impact, and
help country suffer minimal losses as a result of global recession,"
he told journalists in Yerevan. Assessing the situation in Armenia,
he noted several positive tendencies in comparison with other states.
"First, Armenia's banking system remained stable thanks to its
liquidity and capitalization. That results from the Central Bank's
sustainable policy," EBRD business group director said.
Olivier Decamps also noted that meeting with Armenian PM Tigran
Sargsyan and his group clearly showed their commitments to implement
reforms aimed at infrastructure development and fight against
corruption as well as modernization and innovations.
During his two-day visit, Olivier Decamps will have meetings with
Armenian Prime Minister Tigran Sargsyan, Minister of Economy Nerses
Yeritsyan, Minister of Finance Tigran Davtyan, as well as with Governor
Artur Javadyan, and the Mayor of Yerevan Gagik Beglaryan.EBRD Business
group Director will also meet with representatives of international
financial institutions, diplomatic and donor community in Yerevan,
as well as with several companies and banks benefiting from EBRD's
investments.
PanARMENIAN.Net
24.11.2009 19:57 GMT+04:00
/PanARMENIAN.Net/ EBRD Business Group Director for Southeast Europe.
Caucasus and Central Asia Olivier Descamps is carrying out a visit
to Armenia to get familiarized with the bank's current activities
and assist the country in post-crisis period. "The goal of my visit
was to know how successfully Armenia is overcoming crisis impact, and
help country suffer minimal losses as a result of global recession,"
he told journalists in Yerevan. Assessing the situation in Armenia,
he noted several positive tendencies in comparison with other states.
"First, Armenia's banking system remained stable thanks to its
liquidity and capitalization. That results from the Central Bank's
sustainable policy," EBRD business group director said.
Olivier Decamps also noted that meeting with Armenian PM Tigran
Sargsyan and his group clearly showed their commitments to implement
reforms aimed at infrastructure development and fight against
corruption as well as modernization and innovations.
During his two-day visit, Olivier Decamps will have meetings with
Armenian Prime Minister Tigran Sargsyan, Minister of Economy Nerses
Yeritsyan, Minister of Finance Tigran Davtyan, as well as with Governor
Artur Javadyan, and the Mayor of Yerevan Gagik Beglaryan.EBRD Business
group Director will also meet with representatives of international
financial institutions, diplomatic and donor community in Yerevan,
as well as with several companies and banks benefiting from EBRD's
investments.