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WB programs contribute largely to Armenia's economic development

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  • WB programs contribute largely to Armenia's economic development

    ARKA News Agency, Armenia
    Jan 24 2007

    WB PROGRAMS CONTRIBUTE LARGELY TO ARMENIA'S ECONOMIC DEVELOPMENT

    YEREVAN, January 24. /ARKA/. The effective and targeted World Bank
    (WB) programs were effective and goal-oriented: they contributed
    largely to Armenia's economic development, Armenia's Minister of
    Finance and Economy Vardan Khachatryan said at his meeting with the
    WB Regional Director Donna Dausette-Coyrolo and the Acting Director
    of the WB Yerevan Office Naira Melkumyan.
    Khachatryan pointed out the intention of Armenia's government to pay
    more attention to the development of the country's rural communities
    and small towns in the next few years, a task which can be largely
    supported by the WB.
    Dausette-Coyrolo gave positive appraisal of the Armenia's
    achievements in comparison with other countries.
    Speaking about the strategy of the future WB projects in Armenia,
    Dausette-Coyrolo attached importance to providing technical and other
    assistance, along with the financial support.
    The sides expressed hope for further effective cooperation and
    implementation of programs to promote the country's development.
    Armenia has cooperated with the WB since 1992. For the period, the WB
    allocated $952.25mln to Armenia for implementation of 44 programs.
    N.V. -0--
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