The World Bank in Armenia

Armenia’s economy has undergone a profound transformation since independence. Sustained growth, ambitious reforms, as well as inflows of capital and remittances have created a market-oriented environment. However, the global financial crisis has impacted the economy significantly.

Featured

July 25, 17:00 CST

Global Econothon

Europe and Central Asia features in first 24-hour economics marathon. Watch the program on July 25 at 17:00 Yerevan time.

Feature Story

Historic vision for responsible mining

A country rich in natural resources, particularly copper, molybdenum, gold and dimension stones, Armenia has 27 metal mines.

New Strategy

Country Partnership Framework 2019-2023

The new partnership aims to support sustainable and inclusive growth, and improve living standards in the country.

Armenia At-A-Glance

Armenia’s transition from a semi-presidential system to a parliamentary republic is close to complete. Parliamentary elections in April 2017 were conducted according to the amended Constitution and new electoral law, and the president will be elected by parliament rather than popular vote in spring 2018. Armenia’s national and regional contexts show that the country is at an inflection point.

Overview

Country Data

Data

Projects in Armenia

Armenia Fourth Development Policy Financing (US$ 50 mln)

The objective of the proposed project is to support a wide range of reforms promoting fiscal, social and environmental sustainability and strengthening competitiveness. This is the last operation in a programmatic series of four DPFs spanning 2013-2016.

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Research

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Publication

South Caucasus in Motion

Country Economic Update March 2019

A Strong Mandate to Change Amid a Global Slowdown

Systematic Country Diagnostic

Future Armenia: Connect, Compete, Prosper

Technical Assistance Reports

South Caucasus Gender Assessment - Armenia

Armenia in Figures

The Human Capital Index quantifies the contribution of health and education to the productivity of the next generation of workers. Countries can use it to assess how much income they are foregoing because of human capital gaps, and how much faster they can turn these losses into gains if they act now.

Armenia: Brief | In Armenian | Full Data