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WB FINDS ARMENIAN GOVERNMENT'S BAILOUT PROGRAM VERY EFFECTIVE
/ARKA/
July 8, 2009
YEREVAN
YEREVAN, July 8. /ARKA/. On Tuesday, Asad Alam, the WB regional
director in South Caucasus, answering the question ARKA News Agency
put to him at a news conference, said he found Armenian Government's
bailout program very effective.
He said that the program limits probability of job cuts and even
creates favorable environment for new jobs.
Besides, the program implies certain steps for protecting low-income
families and lays ground for economic growth.
Along with that, Alam pointed out the necessity to discuss these
steps constantly.
He singled out procurement of financial sector's stability and new
jobs among the most important measures.
The WB representative also stressed the importance of social programs
aimed at mitigating adverse impact of the global crisis on poor people.
Strategic Analysis Department of Russian FBK audit and consulting
company found Armenian and Kazakh bailout programs best-thought-out
and most comprehensive among CIS governments' programs.
The FBK experts singled out these two countries' programs for their
special emphasis on implementation of infrastructural projects and
support for small-scale business.
/ARKA/
July 8, 2009
YEREVAN
YEREVAN, July 8. /ARKA/. On Tuesday, Asad Alam, the WB regional
director in South Caucasus, answering the question ARKA News Agency
put to him at a news conference, said he found Armenian Government's
bailout program very effective.
He said that the program limits probability of job cuts and even
creates favorable environment for new jobs.
Besides, the program implies certain steps for protecting low-income
families and lays ground for economic growth.
Along with that, Alam pointed out the necessity to discuss these
steps constantly.
He singled out procurement of financial sector's stability and new
jobs among the most important measures.
The WB representative also stressed the importance of social programs
aimed at mitigating adverse impact of the global crisis on poor people.
Strategic Analysis Department of Russian FBK audit and consulting
company found Armenian and Kazakh bailout programs best-thought-out
and most comprehensive among CIS governments' programs.
The FBK experts singled out these two countries' programs for their
special emphasis on implementation of infrastructural projects and
support for small-scale business.