Celebrating 25 Years of Partnership

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

Celebrating 25 Years of Partnership

During the 25 years of partnership, the World Bank’s investment in the country totaled over US$ 3.5 billion.

Celebrating 25 Years of Partnership

The World Bank is celebrating the 25th anniversary of its successful partnership with Georgia.


Europe & Central Asia in Figures

Political rifts, social tensions, and geopolitical conflicts have dominated recent news about ECA. But the economic news has been positive. In the European Union, recovery is being sustained, with 2017 and 2018 likely the fourth and fifth consecutive years in which growth will average almost 2%. In Central Asia, activity is rebounding after the fall in oil prices at the end of 2014. In the South Caucasus, near-term growth prospects are much weaker than in the western part of the ECA region. After a 2.2% contraction in 2016, no growth is expected this year, and growth of just 1.6% is projected for 2018. Read more...



Cyril Muller

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Hans Timmer

Chief Economist

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