The World Bank Group, in partnership with the United Kingdom’s Good Governance Fund, is launching a new advisory program in Armenia to help the government implement reforms, attract foreign direct investment (FDI), and foster female entrepreneurship to spur business growth and job creation. Since 2008, attracting FDI to Armenia has been challenging due to the global economic crisis, the recession in Russia—the country’s main trading partner—and regulatory and institutional issues. Armenia also faces disparities between women and men in entrepreneurship, reducing economic output to an equivalent of 14 percent of…
Read MoreWorld Bank Group to Help Attract Investments and Empower Women Entrepreneurs in Armenia
