Armenia strategy

Strategy (322KB - PDF)

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Local language translation (614KB - PDF)

Challenges

The challenges that Armenia faces include addressing the lingering post-privatisation flaws in the corporate sector by phasing out monopolies, promoting competition, and improving transparency, as well as corporate governance across all sectors of the economy. There is also a need to improve the business environment by tackling corruption and emphasising the rule of law, to strengthen the financial sector through institutional development and consolidation, and to promote commercialisation of public infrastructure and utilities.

The EBRD and Armenia

The Bank’s main focus over the coming years will be on infrastructure and the enterprise and financial sectors.

In developing infrastructure, the  EBRD will continue its support of creditworthy renewable energy and energy efficiency projects, and promote further development of Armenia’s energy sector by financing the country’s leading privately-owned power generation and distribution companies.

In the enterprise sector, the EBRD will continue to finance MSMEs, finance creditworthy large enterprises and place emphasis on expanding the Bank’s TAM/BAS advisory services.

In the financial sector, the Bank will strengthen financial intermediation in Armenia. This  includes encouraging consolidation in the banking sector, through financing the best local banks.

Last updated 2 April 2012