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BAKU: WB Says Poverty Rate In Armenia Almost Doubles

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  • BAKU: WB Says Poverty Rate In Armenia Almost Doubles

    WB SAYS POVERTY RATE IN ARMENIA ALMOST DOUBLES

    news.az
    Nov 18 2009
    Azerbaijan

    Poverty rate in Armenia has risen 2.8% in the second quarter of 2009
    over the same period of 2008 from 25.6% to 28.4%, WB's chief economist
    in the sphere of social maintenance Liri Ersado told a presentation of
    WB's preliminary research: "Armenia: poverty and social implications
    of the world economic crisis".

    According to him, the crisis has temporarily hampered the stable
    development of Armenia of the recent nine years and the processes of
    preventing poverty. According to the expert, the concerns are not
    about the growth in poverty but also about the missed opportunity
    of preventing poverty from influencing a fourth part of the Armenian
    population.

    According to Ersado, the misery level in Armenia has almost doubled
    from 3.6% in the second quarter of 2008 to 6.9% in the second quarter
    of 2009.
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