By Andrei Skvarsky.
The European Bank for Reconstruction and Development (EBRD) and NASDAQ OMX were co-organisers of an international conference last week that pondered ways of building more vibrant capital markets in Armenia.
The event, held in Tsakhkadzor, Armenia, brought together more than 100 delegates who represented commercial and central banks, potential issuers of corporate bonds, stock exchanges, clearing and settlement institutions, rating agencies, domestic and international investors, and Armenian Finance Ministry officials, the EBRD said in a statement.
Armenia’s central bank provided support for the conference.
Armenia, a tiny country with a decreasing population of 3.2m, has meagre natural resources and is heavily dependent on financial support from the global ethnic Armenian diaspora.