Dear Compatriots,
We express our concern about current developments in the country. Continuous manifestations of such situations can have a negative impact on the international rating of the country, as well as on the perceptions of future developments of our economy among global financial market participants-investors.
As you know, international rating agencies “Fitch” and “Moody's” have recently assessed Armenia's macroeconomic performance and improvement of fiscal discipline based on which the economic prospects of our country have changed from stable to positive. Therefore, it is very important that all the developments take place in the context of public political dialogue, constructive discussions and mutual agreement. Markets attach great importance to political stability, balance and low risks. Any long-lasting turmoil cannot, of course, avoid affecting the rating of the country's currency bonds, raising its interest rates, which will essentially hamper the possibility of financing the state budget deficit by external means.
RA MINISTRY OF FINANCE