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RA NA Speaker Receives WB Regional Director

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  • RA NA Speaker Receives WB Regional Director

    RA NA SPEAKER RECEIVES WB REGIONAL DIRECTOR

    National Assembly
    Feb 19 2010
    Armenia

    On February 18, the Speaker of RA National Assembly Mr. Hovik
    Abrahamyan received the World Bank Regional Director for South Caucasus
    Mr. Asad Alam and Head of the Armenian Office Mr. Aristomen Varoudakis.

    Welcoming the guest the NA Speaker documented with satisfaction the
    activation of cooperation between the World Bank and the National
    Assembly and expressed his gratitude for the support to the project
    of strengthening the capabilities of the National Assembly, which
    was provided within the framework of the second program of the state
    sector. Mr. Abrahamyan highly assessed the efficiency of the projects
    of the World Bank being implemented in Armenia and in that context
    highlighted the implementation of the oversight functions reserved to
    the parliament by RA Constitution, in particular, with respect to using
    in the best way for the economy of the country the monetary-credit
    means allocated to Armenia. He underlined the importance directed
    at overcoming of the global financial-economic crisis, recovery of
    the economy, fighting against corruption, as well as the projects
    being implemented in Armenia by the World Bank in the spheres of
    education, modernization of the health care system, restoration of
    the irrigation systems, social security and other spheres. Expressing
    satisfaction for the support of the World Bank in the development of
    the country the NA Speaker Mr. Hovik Abrahamyan noted that, naturally,
    the National Assembly focused on those spheres and the results of the
    studies of the World Bank were always interesting and useful. A wide
    field of cooperation with the World Bank is outlined, and the joint
    discussions will more concretize the mechanisms of cooperation.

    Expressing gratitude to NA Speaker for active and permanent cooperation
    with the World Bank, Mr. Alam also highlighted the necessity of
    deepening World Bank-RA National Assembly cooperation. He said that the
    World Bank had begun the elaboration of the new strategy of assistance
    to Armenia and was concerned in cooperation with the parliament and
    NA Speaker. Mr. Alam noted with satisfaction that with respect to
    the efficiency of the implementation of the investment projects of
    the World Bank Armenia was considered one of the best countries. The
    World Bank Regional Director highlighted the opening of the border
    with Turkey, which would essentially promote the development of the
    region and Armenia's economy.

    In the course of the meeting the sides touched upon the steps
    undertaken towards the overcoming of the consequences of the global
    financial-economic crisis in Armenia.
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