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 impacted significantly the market of the country.
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— Economic growth in Armenia is expected to slow due to a number of factors including slackening foreign direct investment, dependence on a limited number of commodity exports, and a difficult external economic environment.
— Energy efficiency solutions create wide ranging changes across the country. An innovative financing scheme has created opportunities for public institutions to invest in energy efficiency retrofits and use the realized energy savings to repay the investment.
The Policy Note informs Armenia's policy makers about principal challenges that the power sector faces and outlining solutions for overcoming them. It also covers issues related to gas tariff structure and demand.
The proper management of water resources plays a key role in the socioeconomic development of Armenia. As 80% of agriculture in Armenia is heavily dependent on irrigation, water management is still subject to improvement.