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International Finance Corporation To Assist Reforms In Armenia

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  • International Finance Corporation To Assist Reforms In Armenia

    INTERNATIONAL FINANCE CORPORATION TO ASSIST REFORMS IN ARMENIA

    Noyan Tapan
    March 24, 2010

    YEREVAN, MARCH 24, NOYAN TAPAN. The reforms in business and inspection
    sectors, as envisaged by the Armenian government's program of measures
    on improvement of the business environment, were discussed at the
    March 24 meeting of Armenian Prime Minister Tigran Sargsyan and the
    International Finance Corporation (IFC) Director for Central and
    Eastern Europe Snezhana Stoiljkovic.

    T. Sargsyan attached special importance to the use of international
    experience through provision of advice. As a priority direction of
    cooperation, he pointed out the IFC's participation in the financing of
    high and information technology sector, as well as in the introduction
    of corporate management culture. T. Sargsyan considered as perspective
    the involvement of IFC in venture funds being established in Armenia,
    stressing the necessity to work out forms of such participation.

    The RA Government Information and PR Department reported that the
    interlocutors discussed a number of problems related to energy sector,
    the processing of agricultural products, the creation of free economic
    zones, the attraction of private capital to the All-Armenian Bank,
    etc. The sides considered it important to launch new initiatives on
    overcoming the consequences of the global economic crisis.
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