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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— The World Bank will hold a consultation meeting on the emerging findings and lessons learned from its experience in using Development Policy Financing (DPF), which provides budget support to countries for policy and institutional reforms.
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.