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WB: Poverty Index In Armenia Comprises 3%

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  • WB: Poverty Index In Armenia Comprises 3%

    WB: POVERTY INDEX IN ARMENIA COMPRISES 3%

    /PanARMENIAN.Net/
    17.12.2009 14:14 GMT+04:00

    /PanARMENIAN.Net/ Poverty index in Armenia grew simultaneously
    with economic slump, head of World Bank Yerevan Office Aristomene
    Varoudakis said.

    As he told a news conference today, a survey was held among households
    to register a 3% increase in their number, compared with 2008 results.

    "Poverty index could have been twice higher, but for Armenian
    government's timely policy for protection of financially vulnerable
    population," Mr. Varoudakis said. "Poverty index could have reached
    6%, without poverty allowance system implemented. That's why it is
    essential for poverty allowance expenditures to be stipulated by
    state budget."

    From: Emil Lazarian | Ararat NewsPress
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