Armenia’s economy minister and World Bank official discuss ways to improve Armenia’s standing in Doing Business survey

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YEREVAN, February 7 /ARKA/. Armenia’s Economy Minister Tigran Khachatryan and Alejandro Espinosa-Wang, a World Bank Doing Business team member, met today in Yerevan to discuss ways to improve Armenia’s standing in World Bank’s annual survey on the ease of doing business around the world, the ministry said in a press release.

It said Minister Khachatryan expressed satisfaction with the launch of the next stage of work regarding the Doing Business report.

It said also that World Bank experts are now in Armenia holding discussions with key stakeholders through direct contacts and telephone.

The minister thanked the World Bank for the consultation report, describing it as an important guidance for solving the question of targeted use of available resources. According to him, the annual assessment by the WB is important not only in terms of comparison with other countries, but also in terms of getting a correct and realistic picture of existing problems.

Alejandro Espinosa-Wang thanked the minister for the meeting and effective discussions, outlining the issues that are on the agenda of the current stage.

In the WB Doing Business 2020 annual report, Armenia dropped by six notches to 47th position among 190 countries. It was 41st in the previous global rankings. The Armenian government ascribed the drop to a change in the bank’s methodology of measuring minority shareholder protection.

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