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.

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Feature Story

Toward a Disaster Resilient Future

Over the last few decades, urbanization and changing climactic conditions have quadrupled economic losses in Armenia.

Video

First 100 Days

World Bank Country Managers spend on average about three years in a country office, before moving on.

Results

Connecting with Technology

Connecting Armenia’s Regions with Technology to Ensure Greater Opportunities for Young People

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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Country Economic Update - Summer 2018

An Opportunity to Unlock Armenia's Potential

Systematic Country Diagnostic

Future Armenia: Connect, Compete, Prosper

Country Economic Update

A Window of Opportunity to Tackle Challenging Reforms

Technical Assistance Reports

South Caucasus Gender Assessment - Armenia

Armenia in Figures

A combination of low commodity prices, declining remittances, weak domestic demand and increased political uncertainty undermined Armenia’s growth and fiscal position, and reversed the trend in poverty reduction in 2016. While the economy is expected to recover modestly over the medium term, the parliamentary and presidential elections slated for 2017-18 may delay progress on the structural reform agenda and undermine prospects for further poverty reduction. Read more...