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Pension funds in Armenia will be allowed to increase investments in economies of other countries

22.01.2025, 18:11
Armenia’s National Assembly has approved today in the first reading a draft law designed by the Central Bank, which proposes to double the amount of investments that Armenian pension funds can make in other countries.
Pension funds in Armenia will be allowed to increase investments in economies of other countries

YEREVAN, January 22. /ARКА/. Armenia’s National Assembly has approved today in the first reading a draft law designed by the Central Bank, which proposes to double the amount of investments that Armenian pension funds can make in other countries. 

Currently, funds can invest up to 15% of their available funds in the economy of a foreign country, while the amendments propose to increase the threshold to 30%. According to Deputy Chairman of the Central Bank Armen Nurbekyan, these changes will allow diversifying investments and increasing their efficiency. 

In addition, according to the current legislation, pension funds cannot directly invest in the Armenian economy, but must do so through funds registered in the country. The bill eliminates this requirement. At the same time, the investment threshold of 10% in Armenia remains unchanged. 

In addition, the amendments suggest that pension fund managers will be allowed to manage other funds. Previously, such a restriction was introduced so that managers could concentrate on managing the Armenian pension funds and not take on other reputational risks. 

The changes will also affect the savings fund, for which a limit of 25% of investments in shares and securities was set. The changes propose raising the threshold to 35%..-0-