Armenia is visible on the investment map of the world
Armenia has become visible on the investment map of the world. This opinion was expressed by Matteo Patrone, Program Coordinator of the European Bank for Reconstruction and Development (EBRD) in the Eastern Europe and the Caucasus region, answering a question from ArmInfo correspondent during a briefing on the opening of the first unit investment fund in Armenia, Amber Capital, on September 20, he said.
At the same time, the EBRD representative emphasized that there is still a lot of work towards the development of the private sector in Armenia. In this regard Patron, on behalf of the European Bank, expressed his willingness to contribute, both in terms of financing, advice, and participation in discussions of the government of the country on policy development.
Recall that from the beginning of its activity in Armenia, EBRD allocated ? 1.36 billion to the country's economy to implement 178 programs in the energy, infrastructure, financial and corporate sectors. 90% of the Bank's investments are in the private sector.
According to the RA Statcommittee, the volume of total foreign investments in the real sector of the Armenian economy grew by 7.9% in 2018, amounting to $ 2.5 billion, while a year earlier the growth was higher - 14.8%. In their structure, the volume of FDI declined in 2018. by 11.2%, amounting to $ 607.7 million, against a more modest decline of 4.7% in 2017.