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Wednesday, January 16, 2019

Armenian PM talks pension reform with Amundi-ACBA

Armenian Prime Minister Hovik Abrahamyan received a delegation from pension fund managers Amundi-ACBA Asset Management last week.

The delegation was led by Bernard de Wit, the deputy CEO and COO of Amundi-ACBA.

The two sides discussed the pace of pension reform in Armenia and issues related to the new legislative package stemming from a constitutional court's April 2 decision.

"We attach great importance to the pension reform and will demonstrate political will to implement it successfully," Abrahamyan said. "To this end, we will continue cooperating with the political parties and civil society."

The prime minister said Armenia will soon have a pension system acceptable to the public at large.

Stressing the importance of the ongoing pension reform, de Wit said Amundi-ACBA is prepared to support the government with implementation of the proposed program. To that extent, the firm has developed technical recommendations for the central bank's consideration.

De Wit said his company is also prepared to work with the government to help build up public confidence in the pension reform.