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Yerevan Counts On World Banks Support

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  • Yerevan Counts On World Banks Support

    YEREVAN COUNTS ON WORLD BANKS SUPPORT

    RIA Oreanda
    April 7, 2008
    Russia

    Yerevan . ">OREANDA-NEWS . April 4, 2008. Welcoming the guest, the
    Prime Minister mentioned that World Bank representatives' frequent
    visits to Armenia testify that the Bank places a special focus upon the
    cooperation with our country. Serzh Sargsyan advised that during his
    last fall's visit to Washington he happened to hear quite favorable
    words about Armenia's economy and the ongoing reforms. At a meeting
    held during his recent stay in Armenia, World Bank Vice President
    Shigeo Katzu, too, mentioned that in this respect the Armenian program
    aroused no concerns. The Prime Minister further admitted that these
    estimations were encouraging which obliged the government of Armenia
    to do a better work in the areas under review.

    Serzh Sargsyan extended his appreciation to the World Bank as he
    feels that the Bank's interested support, too, accounts for Armenia's
    economic progress and certain achievements. He expressed readiness
    to continue this effective cooperation in future by implementing
    important to our economy and our society reforms in a number of
    fields. With reference to reforms in tax, customs administration and
    other spheres, the Prime Minister mentioned that they were meant to
    enhance the country's competitiveness and that the Armenian government
    looked forward to being assisted by the Bank in this matter.

    Speaking about Armenia's economic achievements, World Bank Regional
    Director for South Caucasus Ms. Donna Dowsett-Coirolo said that
    Armenia has much to be proud of and that the World Bank is interested
    in upholding and building on the current achievements.

    At the same time, she noted that there are still a number of challenges
    which call for serious efforts.

    The interlocutors further touched upon these challenges and the
    reform process. They made an arrangement to proceed to a more in-depth
    discussion of all these issues following the inauguration of the RA
    President-elect and the formation of the new cabinet.
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