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Economic Competition Committee To Cooperate With World Bank

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  • Economic Competition Committee To Cooperate With World Bank

    ECONOMIC COMPETITION COMMITTEE TO COOPERATE WITH WORLD BANK

    Panorama.am
    21:21 18/09/2007

    Today the president of the state commission on economic competition,
    Ashot Shahnazaryan, received Aristomene Varudakis, head of the World
    Bank office in Armenia, and Fernando Montes-Negretin, director of
    financial development in Europe and Central Asia, as well as Karen
    Grigoryan, economist for the Armenian office of the World Bank. Armine
    Udumyan, press secretary for the commission, gave this information.

    The first meeting took place in July.

    The commission president expressed his thanks for the acceptance of
    the offer to cooperate and for displaying consistency. "Cooperation
    with the Word Bank is an important step, and can be beneficial in
    institutional development," he said. Shahnazaryan pointed out that
    assistance from the World Bank is expected to advance the state
    of the legislative field (maintain the status of the mechanisms of
    independence, forcing the carrying-out of decisions, etc.) and the
    shaping of capabilities and general competence.

    Montes-Negretin was interested in knowing what steps had been taken
    until now concerning the mentioned points and what sort of results had
    been registered, what the current state of the commission's activities
    were concerning juridical issues, consumer rights, etc.

    Director of the World Bank office in Armenia, A. Varudakis, said that
    programs that are expected to be implemented will be discussed by the
    commission, as well as the amount of future cooperation and future
    steps to be taken to carry out the program.
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