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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Anniversary

Celebrating Achievements

Armenia has gone through a dramatic and remarkable process of economic transformation and reform over the last two decades.

BLOG

Imagining Armenia’s Future

Listening to youth voices and respecting their right to be heard should be at the heart of any development goals.

Results

Meghri's Gravity Irrigation

For the community, it means supply reliability – being able to water land plots whenever necessary.

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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SYSTEMATIC COUNTRY DIAGNOSTIC

Achieving Inclusive and Resilient Growth In Armenia: Challenges and Opportunities (PDF)

Presentation

Systematic Country Diagnostic: Key Findings (PDF)

Agriculture Policy Monitoring and Evaluation

Export Supply Chain of Greenhouse Crops

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...