ARMENIA: Central Back of Armenia Sign MoU with EBRD to Develop Capital Markets

Thursday March 17 2016

On 15th March 2016, the Central Bank of the Republic of Armenia (CBA) signed a Memorandum of Understanding (MoU) with the European Bank for Reconstruction and Development (EBRD) to develop the capital markets of Armenia.

The MoU includes a series of joint activities to develop the capital market, in particular:

• Developing capital market instruments;
• Investigate problems hindering the development of the derivatives market;
• Developing repo and money market instruments;
• Measures related to the introduction of the promotion system by commercial banks
• Raising awareness of activities on the capital markets both in terms of issuers, as well as investors.

The work will have an important role in developing new high-quality investment and risk hedging instruments, as well as introducing billing and accounting infrastructure that ensure the effective sales of the aforementioned tools.

Click on the link above for further details.