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YEREVAN. – The securing of a necessary level of financial education and awareness is one of the key challenges of Armenia’s pension reforms, “Pension System Awareness Center” Foundation CEO Artak Ghazaryan told Armenian  

In his view, the pension reforms can be successful in Armenia if there is a necessary level of trust and a financially educated beneficiary. And another main challenge is having a corresponding field for the necessary regulations.      

To note, Yerevan is currently hosting an international seminar-consultation on pension reforms. And as per Ghazaryan, the arrival of international experts is extremely important in terms of experience exchange and familiarization with contemporary trends.  

“We [i.e., Armenia] learn lessons from those countries which experienced difficulties because of the [global economic] crisis. The reform design that we have enables us to evade those shocks that occurred in Western countries,” Artak Ghazaryan concluded.

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