In the face of globalization, countries worldwide must strengthen and deepen their financial systems to achieve growth and alleviate poverty.
Executive Memorandum: Armenia Financial Sector Assessment .
Paper | April 30, 2009
The objectives of USAID’s Rapid Financial Crisis Assessment for Armenia were to identify strengths and vulnerabilities of financial sector participants, assess overall soundness and stability of the financial and corporate sectors, highlight linkages between the macro-economy and the financial sector, and ascertain economic policy implications.
Through the Financial Sector Knowledge Sharing Project (FS Share), USAID, in collaboration with its Bureau for Economic Growth Agriculture and Trade (EGAT) and Chemonics International, identified financial sector priorities and developed strategies and programs for growing the financial sector. FS Share also identified financial sector best practices and aggregated those best practices through model scopes of work, technical briefs, diagnostic tools, best practice case analyses, and other tools. FS Share’s Rapid Financial Crisis Assessment (RFCA) for Armenia was designed as an action-driven, swift and simple assessment of the most immediate and urgent vulnerabilities of the Armenian financial and corporate sectors impacted by the financial crisis of that time.