Central Bank of Armenia
Azat Gabrielyan has extensive work experience in the field of accounting and auditing. Azat is currently a Board Member at the Public Oversight Board of Accounting and Auditing in Armenia. Prior to this, they served as the President of the Institute of Internal Auditors-Armenia since November 2021. Azat held various roles at the Institute, including Vice President from December 2015 to November 2021 and Secretary from December 2012 to December 2015.
Before their involvement with the Institute, Azat Gabrielyan had an extensive career at the Central Bank of Armenia. Azat held positions such as Chief Audit Executive, Chief of Central Bank of Armenia Governor's Office, Deputy Secretary General, Head of Corporate Services Department, Head of Operational Audit, Auditor, and Accountant-Methodologist. In their role as the Head of Corporate Services Department, they managed the operations of five divisions, overseeing a team of more than 40 employees.
Azat Gabrielyan has a strong educational background in various fields. In 1997, they obtained their Bachelor's degree in Economics from Yerevan State University. Azat then went on to pursue a Master's degree in Business Administration and Management, General, completing it in 2003 from the same university. Following this, Azat pursued a Doctor of Philosophy (PhD) from Armenian-Russian Slavonic State University, which they completed in 2006.
In 2014, Azat attended Tufts University - The Fletcher School of Law and Diplomacy for an Executive Education program in Public Administration.
Alongside their academic qualifications, Azat Gabrielyan also holds several certifications. In 2013, they obtained the CRMA certification from the Institute of Internal Auditors. Additionally, they obtained the CIA certification from the same institution in 2014.
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Central Bank of Armenia
The Central Bank of Armenia (the CBA) is a legal entity empowered with state functions. Primary goal of the CBA is price stability in the Republic of Armenia. The CBA coordinates the primary goal with the Government of Armenia, as stipulated by the Armenian Law on State Budget, and approved by the National Assembly of Armenia. The CBA itself decides on the strategy of monetary policy it implements and target (intermediate and operational) indicators that are contained in the monetary policy program and subject to presentation to the National Assembly. The program outlines the main directions of the monetary policy and the monetary instruments which the CBA uses in order to fulfill its objectives. Coordination of monetary and fiscal policies is priority in developing and implementing the monetary policy. The coordination involves both opting for basic macroeconomic indicators and issues relating to short-term adjustment of liquidity by the CBA, disbursement of external financial inflows and issuance and allocation of T-bills by the Government. The CBA makes sure its activities are maximally transparent and open to public, which serve the best warrant for the general public's confidence in the monetary policy implemented by the CBA.