Country Report Armenia November 1998 Main report

Economic policy: Privatisation of land will continue

The government plans to privatise the remaining 120,000 ha of state- owned agricultural land. Most agricultural land in Armenia was privatised in 1991, but a fledgling market infrastructure and lack of equipment have severely restricted the volume of agricultural output. According to the minister of agriculture, Vladimir Movsisian, the state's main task now is to engage in long-term agricultural planning and to offer consulting services to farmers through its "regional scientific centres", which are to be set up soon. The agriculture ministry will also encourage banks to lend more to the agricultural sector at lower interest rates.

© 1998 The Economist lntelligence Unit Ltd. All rights reserved
Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information