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AIPRG Annual Conference

Impact of the Global Crisis on Armenia:
Short- and Long-run Perspectives
Tuesday, July 7, 2009, Marriott Hotel Armenia

9:00 9:30


9:30 9:35

Opening Remarks: AIPRG Executive Board

9:35 10:00

Keynote Address: The Impact of Global Financial-Economic Crisis on the Economy of the Republic of Armenia. Short- and Long-term Perspectives
Tigran Sargsyan, Prime Minister of the Republic of Armenia

Speech: ENG   ARM

10:00 10:20

Keynote Address: Global Economic Crisis: What Can Small Economies Do?
Asad Alam, Country Director for the South Caucasus, World Bank

10:20 10:30

Coffee Break

10:30 10:55

Impact of the Global Crisis on Emerging Economies:
Lorenzo Giorgianni, Division Chief, Strategy and Policy Review Department, IMF

10:55 11:20

Financial Crisis: Socio-Economic Impact, Political Economy of Response:
Ben Slay, Senior Economist, UNDP


Roundtable: Consequences of the global crisis and policy responses: lessons from European Countries in Transition

Chair: Ben Slay, Senior Economist, UNDP

11:20 12:45

Cross-country presentations

Crisis in the Russian Economy and its Regional Implications:
Lev Freinkman, Institute for the Economy in Transition

Global Financial Crises Impact on Macedonian Economy:
Marjan Nikolov, President, Center for Economic Analyses.
Related PAPER

The Global Financial Crisis: Causes, Transmission Channels and New Challenges:
Marek Dabrowski, President, Center for Social and Economic Research

Ukraine: Sergiy Kruglyk, Director of External Economic Relations Department, National Bank of Ukraine

12:45 14:00

Lunch Break


The role of bilateral and multilateral institutions in mitigating the impact of global crisis

Chair: Sergey Kapinos, Head of OSCE office in Yerevan

14:00 15:00

The Role of the EU in Supporting Emerging Economies in Coping with the Crisis:
Raul de Luzenberger, Head of Delegation, Ambassador, Delegation of the European Commission to Armenia

Coping with the Global Economic Crisis: Support by the World Bank to ECA countries and Armenia:
Aristomene Varoudakis, Head of World Bank Office in Yerevan

Lessons from Past World Bank Crises Responses:
Konstantin Atanesyan, Sr. Evaluation Officer, Independent Evaluation Group, World Bank
Related PAPER

15:00 15:30

Coffee Break


The impact of the crisis on Armenian Economy

Chair: Balazs Horvath, Poverty Practice Leader in Bratislava, UNDP

15:30 17:10

Crises and Structural Transformation: Long Term Prospects of the Armenian Economy:
Jesus Felipe, Principal Economist, Head of the Strategic Research Unit, and Director of the Central Asia Regional Economic Cooperation Institute, in the Central and West Asia Department of the Asian Development Bank

Global Crisis Issues and Challenges for the Armenian Financial System:
Vahe Vardanyan, Head of Department, Central Bank of Armenia

Armenia: Social Impact of the Global Economic Crisis:
Gohar Gyulumyan, Economist, World Bank


The Impact of the Crisis on Sectors

Chair: David Akopyan, AIPRG Board Member

17:10 18:00

Armenia's Construction Industry: It's Growth, Decline, and Future:
Alen Amirkhanyan, DCS, cjsc

Impact of the Global Financial Crisis on Tourism Destinations & Mitigations Efforts:
Alan Saffery, Senior Competitiveness Expert, Competitive Armenian Private Sector

ICT Industry Development in Armenia:
Karen Vardanyan, Executive Director, Union of Information Technology Enterprises

18:00 19:00


Wednesday, July 8, 2009, Marriott Hotel Armenia


Policy response and the prospects for growth of the Armenian economy

Chair: Heghine Manasyan, AIPRG Board Member, CRRC Director

9:30 11:00

Anti-Crisis Policies in Armenia:
Mushegh Tumasyan, Deputy Minister of Economy

Policies and strategies to improve competitiveness:
Karen Grigorian, Senior Economist, World Bank

"Growth / Competitiveness" paradox:
Sevak Hovhannisyan, EV Research Center

11:00 11:30

Coffee Break


Moderator: Armine Khachatryan, AIPRG Board Member

11:30 12:30


13:00 14:00

Lunch Break

Launch of the Development and Transition newsletter:
"The Global Economic Crisis in Europe and Central Asia: Initial Impact and Lessons Learned"

14:00 18:00

Launch of the 13th issue of "Development and Transition" newsletter, published by UNDP jointly with the London School of Economics (LSE)

Opening Remarks: Nerses Yeritsyan, Minister of Economy

Opening Remarks: Consuelo Vidal, UN Resident Coordinator / UNDP Resident Representative

Regional Impact of the Global Economic Crisis:
Ben Slay, Senior Economist, UNDP

Understanding the Crisis: Layer upon Layer:
Balazs Horvath, RBEC Poverty Reduction Practice Leader, UNDP

Responding to crisis: core and periphery:
Marek Dabrowski, President, Center for Social and Economic Research

Crisis Impact on Armenia:
Aram Gharibyan, Advisor to the Prime Minister


Aristomene Varoudakis, Head, World Bank Office in Yerevan

Levon Barkhudaryan, Avag Solutions

15:30 16:00

Coffee Break

Thursday, July 9, 2009, AUA, New Building


The Impact of Global Crisis on Armenia: Empirical Evidence

Presentations by economists and academicians

Chair: Haik Sargsyan, Dean, Economics Department, Yerevan State University

10:00 10:30

Opening Remarks: Vache Gabrielyan, Deputy Governor, Central Bank of Armenia

10:30 13:30

Macroeconomic Impact of the Crisis on Armenia:
King Banaian, AIPRG fellow, chairman at St. Cloud State University, USA
Related PAPER

A Network View of Economic Development. The Product Space and its consequences for Economic Development:
Jesus Felipe, Principal Economist, Head of the Strategic Research Unit, and Director of the Central Asia Regional Economic Cooperation Institute, in the Central and West Asia Department of the Asian Development Bank

Impact of Remittances on Growth:
Vahram Ghushchyan, School of Corporate Governance

Public Debt Management in Transition Countries: The Case of Armenia:
Luciano Greco, Assistant Professor of Public Finance, University of Padua, Visiting research fellow at the Financial Markets Group, London School of Economics
Related PAPER

13:30 14:00


14:00 15:00


Conference Details
Dates: 7-8 July, 2009

Time: 9am - 6pm

Venue: Marriott Hotel Armenia
Workshop Details
Date: 9 July, 2009

Time: 10am - 2pm

Venue: American University of Armenia
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