Armenia will become average income country by 2025: World Bank official

PanARMENIAN.Net - Armenia will be able to become an average income country by 2025 by implementing the reform project it has adopted, Cyril Muller, World Bank Vice President for Europe and Central Asia, said on Monday, September 11.

"Today's Armenia differs greatly from the country that joined the World Bank 25 years ago," Muller said.

According to her, when Armenia joined the WB, it was one of the Soviet Union's rising economies but due to a serious foreign currency shortage and the collapsed industry, real wages rapidly declined i...