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WORLD BANK VICE PRESIDENT TO VISIT ARMENIA
Aysor
Sept 8 2010
Armenia
World Bank Vice President for Europe and Central Asia, Mr. Philippe
Le Houerou, will travel to Armenia from September 9 to 12, WB Yerevan
office reported.
The aim of his visit is to discuss with the country's leadership -
the President, Prime Minister and senior government officials - as
well as development partners, business community, and civil society
the recent economic and social developments, and the possible ways in
which the World Bank can support the economic recovery in the country.
"I am pleased to see the revival of growth after the economic
crisis and we need to work together with the Armenian Government to
manage future macroeconomic volatility and risks, to strengthen the
foundations for economic recovery", said Philippe Le Houerou. "The
World Bank will continue supporting programs to stimulate growth and
new jobs, and support the poor and the vulnerable. These include
rural road works, social spending for the poor, water services,
the rehabilitation of health care centers and other projects."
While in Armenia, Mr. Le Houerou will visit World Bank supported
project sites - a newly reconstructed hospital in Armavir town, the
rehabilitated Armavir main canal, the rehabilitated courthouse of
the first instance in Shengavit district, and a hydro-power plant in
Dilijan. He will assess the process of construction of Marmarik Dam
in Hankavan as well as participate in an opening of Central Veterinary
Laboratory in Erebuni district of Yerevan.
Mr. Le Houerou will also participate in a Policy Forum, a one and a
half day high level session in Dilijan, organized jointly by the World
Bank and the Government of Armenia. The forum titled "Armenia after
the Crisis: Challenges and Opportunities" will focus on how post-crisis
public policies can promote investment, exports, and poverty reduction
in Armenia, and how the World Bank can further help in this effort.
The World Bank launched the Armenia Country Partnership Strategy
(CPS) for 2009-2012 in June 2009. The Armenia CPS was prepared in the
context of the global economic crisis and its impact on the country.
It focuses on the near-term needs of addressing vulnerability and
mitigating the adverse poverty effects of the crisis as well as laying
the foundation for promoting medium term competitiveness and growth.
The CPS provided for new IDA/IBRD lending of $545 million over
2009-12. Since the inception of the World Bank's program in Armenia
the Bank's lending has totaled to US$ 1.373bln for 54 projects.
From: A. Papazian
Aysor
Sept 8 2010
Armenia
World Bank Vice President for Europe and Central Asia, Mr. Philippe
Le Houerou, will travel to Armenia from September 9 to 12, WB Yerevan
office reported.
The aim of his visit is to discuss with the country's leadership -
the President, Prime Minister and senior government officials - as
well as development partners, business community, and civil society
the recent economic and social developments, and the possible ways in
which the World Bank can support the economic recovery in the country.
"I am pleased to see the revival of growth after the economic
crisis and we need to work together with the Armenian Government to
manage future macroeconomic volatility and risks, to strengthen the
foundations for economic recovery", said Philippe Le Houerou. "The
World Bank will continue supporting programs to stimulate growth and
new jobs, and support the poor and the vulnerable. These include
rural road works, social spending for the poor, water services,
the rehabilitation of health care centers and other projects."
While in Armenia, Mr. Le Houerou will visit World Bank supported
project sites - a newly reconstructed hospital in Armavir town, the
rehabilitated Armavir main canal, the rehabilitated courthouse of
the first instance in Shengavit district, and a hydro-power plant in
Dilijan. He will assess the process of construction of Marmarik Dam
in Hankavan as well as participate in an opening of Central Veterinary
Laboratory in Erebuni district of Yerevan.
Mr. Le Houerou will also participate in a Policy Forum, a one and a
half day high level session in Dilijan, organized jointly by the World
Bank and the Government of Armenia. The forum titled "Armenia after
the Crisis: Challenges and Opportunities" will focus on how post-crisis
public policies can promote investment, exports, and poverty reduction
in Armenia, and how the World Bank can further help in this effort.
The World Bank launched the Armenia Country Partnership Strategy
(CPS) for 2009-2012 in June 2009. The Armenia CPS was prepared in the
context of the global economic crisis and its impact on the country.
It focuses on the near-term needs of addressing vulnerability and
mitigating the adverse poverty effects of the crisis as well as laying
the foundation for promoting medium term competitiveness and growth.
The CPS provided for new IDA/IBRD lending of $545 million over
2009-12. Since the inception of the World Bank's program in Armenia
the Bank's lending has totaled to US$ 1.373bln for 54 projects.
From: A. Papazian