SRC Chairman Eduard Hakobyan received representatives of a World Bank mission providing technical assistance to help enhance the competitiveness of Armenia’s economy.

Welcoming the participants, Hakobyan highlighted the importance of long-term cooperation with the World Bank.

The meeting focused on ongoing efforts to improve the competitiveness of Armenia’s economy, as well as existing opportunities and challenges and the impact of tax and customs administration on the country’s economic competitiveness.

Particular attention was paid to improving the efficiency and transparency of tax administration, promoting tax compliance, and developing a fair, efficient, and modern tax system to strengthen the competitiveness of Armenia’s economy.

The parties also discussed customs administration reforms, including the introduction of a unified customs account, and the SRC’s digitalisation programmes. The Committee’s efforts to expand the use of artificial intelligence tools and make effective use of their potential were also highlighted.

At the end of the meeting, both sides reaffirmed their commitment to continued cooperation and active engagement.