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    Emil Lazarian
  • 2 years ago
    • Categories: 2024

CB Of The Republic Of Armenia Rejoins WB Reserve Advisory & Management Partnership To Enhance Int’l Reserve Management

Jan 28 2024
By India Education Diary Bureau Admin On Jan 28, 2024

WASHINGTON  – The World Bank announced the Central Bank of the Republic of Armenia (CBA) rejoined the Reserve Advisory & Management Partnership (RAMP). CBA was a RAMP member from 2006 to 2014, during which it made numerous improvements to front-, middle-, and back-office investment operations. CBA is rejoining RAMP for advisory services, training resources, and a broad global network of over 70 public asset management institutions. The renewed membership with RAMP will provide onsite expertise to enhance reserve management operations and train new CBA staff.

“We are delighted to welcome back the Central Bank of Armenia to RAMP. We are honored to have their trust and participation in the Partnership,” said Jorge Familiar, World Bank Vice President & Treasurer. “RAMP stands ready to support member countries because sound public asset management is a critical pillar to a country’s stability, resiliency, and prosperity.”

“We are excited to rejoin RAMP as our past experience in the Partnership was a success story. We view our collaboration with the World Bank as a clear path to excellence in public asset management on the global level”, said Martin Galstyan, CBA Governor. “We look forward to this partnership because strong reserve management practices benefit our central bank, economy, and nation.”

Reserve Management & Advisory Partnership (RAMP)

RAMP delivers advisory services, executive training, and asset management services in a global network of public asset managers, contributing to the Sustainable Development Goals of quality education, decent work and economic growth, climate action, strong institutions, and partnerships. Established in 2001, RAMP is the oldest and largest central bank partnership dedicated to improving reserve management. RAMP has advised over 100 public institutions and trained over 5,000 public asset management staff on sound public asset management practices.

https://indiaeducationdiary.in/central-bank-of-the-republic-of-armenia-rejoins-world-bank-reserve-advisory-management-partnership-to-enhance-international-reserve-management/

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS