Armenia’s national debt rises to $12 billion: THIS WEEK IN BUSINESS

• Armenia’s national debt surpassed $12 billion, rising by 1.9% since the beginning of the year. The country’s debt-to-GDP ratio now stands at 48.1%.
• Prime Minister Nikol Pashinyan’s cabinet dissolved the Armenian National Interests Fund, a state-owned enterprise meant to co-invest in major projects alongside foreign entrepreneurs, amid mounting allegations of corruption and mismanagement.
• Lawmakers began debating a bill to introduce a corporate governance code in Armenia.

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