US AMBASSADOR CALLED US ARMENIANS TO MAKE INVESTMENTS IN ARMENIAN ECONOMY

The diaspora has to make investments in the economy of Armenia. US ambassador to Armenia John Ordway made such a call on 200 Armenians present at a meeting in the residence of the Eastern Diocese of the US Armenian Apostolic Church in New York the other day, the Diocese press service reported. In the course of the meeting the ambassador reported improvement of the investment climate and growth of gross domestic product in Armenia. At that he criticized the policy pursued by Armenian banks towards small enterprise by demanding exorbitant guarantees and too high interests for providing credits. In J. Ordway’s opinion, active inclusion of diaspora Armenians in building the Armenian economy will allow to put right to a certain degree the shortcomings still available there.