Narek Ghazaryan
Board member
Narek Ghazaryan was elected as a member of the Board of the Central Bank of Armenia by the National Assembly of the Republic of Armenia in December 2022. He plays a key role in the development and implementation of the Bank’s monetary and macroeconomic policy. He has extensive experience in macroeconomic policy and finance and holds several professional qualifications.
He also serves as a member of the Audit Committee of the Central Bank of Armenia, represents the Bank on the Board of the Deposit Guarantee Fund, chairs the Board of the Pension Guarantee Fund of the Republic of Armenia, and is a member of the Advisory Committee on Macroeconomic Policy of the Eurasian Economic Commission.
Prior to his current role, Mr. Ghazaryan was Head of the Financial Risk Management Department of the Central Bank in 2022–2023, and Advisor to the Director of the Supervision and Licensing Department in 2021–2022. From 2018 to 2021, he worked as an economist at the International Monetary Fund, where he was responsible for the Eurozone member states and the United Kingdom. Between 2009 and 2017, he held various positions in the Monetary Policy Department of the Central Bank of Armenia, including specialist, senior specialist, and Head of the Economic Analysis and Forecasting Department.
Born in Yerevan, Mr. Ghazaryan earned his bachelor’s degree in economics from Yerevan State University. He continued his education at the Central European University in Budapest, obtaining a master’s degree in economics in 2009.
He has contributed to several economic reforms jointly implemented by the Central Bank and the Government of the Republic of Armenia, including the introduction of the funded pension system, modernization of the inflation targeting framework, and implementation of risk-based supervision. He has organized and led seminars, conferences, and technical assistance programs both in Armenia and internationally, in collaboration with partner banks and esteemed international organizations.
Mr. Ghazaryan is the author of numerous research papers and published analyses in the fields of monetary and macroprudential policy, global trade, and economic scenario analysis. He has taught at the American University of Armenia and the Financial and Banking Training Center of the Central Bank of the Republic of Armenia.
He was awarded a Certificate of Appreciation by the President of the Republic of Armenia for his effective and dedicated service at the Central Bank.