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Official News

Friday, 2 December 2011

Cabinet Discussed the New Policy of Economic Development of Armenia

A discussion was held today in the Government, chaired by Prime Minister Tigran Sargsyan, on the development of a new economic policy of Armenia. The event was attended by the World Bank, the National Assembly and Government representatives.
"A new economic program to 2020 inclusive should be developed for Armenia with its main directions, priorities and actions. Armenia has already developed a sustainable development program several years ago, which has undergone essential changes as a result of the global crisis," Tigran Sargsyan said. The Head of the Government noted that our country is in a stage of a competition today and we have an issue of deciding how to move forward and in what kind of methodology.
"In the recent 20 years Armenia has been experiencing growth and for its further development all the economic advantages and sources of the country, the human resources in different spheres and the economic growth potential should be made use of. In my opinion, you can do it. I am optimistic about Armenia, despite the global incertitude," said Asad Alam, World Bank's Regional Director for the South Caucasus and Central Europe. He noted that a flexible policy should be developed as currently there are many uncertainties. The Government should make a couple of brave decisions and move in that direction purposefully. “We need to collectively define a new vision for Armenia’s development. If 50 percent of the program is implemented, it will be a big step forward,” the Regional Director for the South Caucasus and Central Europe said.
Tigran Sargsyan expressed gratitude to Asad Alam for participating in the discussion and presenting the international experience and new ideas.


July 2022