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RA Prime Minister Tigran Sargsyan Received Head Of The World Bank Ar

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  • RA Prime Minister Tigran Sargsyan Received Head Of The World Bank Ar

    RA PRIME MINISTER TIGRAN SARGSYAN RECEIVED HEAD OF THE WORLD BANK ARMENIA OFFICE ARISTOMENE VARUDAKIS AND COUNTRY SUPPORT STRATEGY MISSION COORDINATOR SAMIA MITRA.

    http://www.gov.am/en/news/item/4575/
    Frida y, 17 April 2009

    Pleased with the current level of World Bank-Armenia cooperation,
    the Prime Minister pointed out that the program on the use of USD 50
    million out of the World Bank-allocated USD 85 million-worth of loan
    for supporting medium-size enterprise is gathering momentum. Tigran
    Sargsyan said to be confident that other joint programs, too, will
    be carried out successfully.

    Aristomene Varudakis noted in turn that the 4-year bilateral
    cooperation program has started quite successfully. He outlined
    the draft strategy of country support program for Armenia which
    as agreed will be submitted to the World Bank Board of Directors
    for approval. Aristomene Varudakis advised that under this promptly
    drafted paper, which has been agreed with the RA Ministry of Finance,
    USD 20 million will be allocated to Armenia in addition to the already
    agreed 525 million dollars. The head of the World Bank Armenia Office
    made a point of harmonizing the country support strategy-specified
    activities with the GoA-formulated programs with a special focus
    placed on the social sector and the creation of new jobs in particular.

    Prime Minister Tigran Sargsyan noted that the Armenian ministers
    of finance and economy have already endorsed the draft support
    strategy. What matters most now is to have the strategy approved
    by the Bank so as to proceed to the practicalities as soon as
    possible. According to the Prime Minister, this will second the
    Government in its anti-crisis efforts.

    Aristomene Varudakis and Samia Mitra expressed readiness to cooperate
    with such donor countries and international organizations as are
    prepared to provide Armenia with support lending.
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