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WB REGIONAL DIRECTOR SAYS 7% ECONOMIC GROWTH POSSIBLE IN ARMENIA
PanARMENIAN.Net
June 21, 2012 - 16:36 AMT
PanARMENIAN.Net - World Bank Regional Director for the South Caucasus
deems achievement of 7% economic growth "possible" in Armenia.
Asad Alam stressed the role of the government's program, political
changes and the global economy in achievement of the progress.
In this context, he noted that Armenia already secured 4,7% growth
in the first quarter of 2012, with indices for June expected to be
even higher.
"Production and export industries served locomotive for progress,
with agriculture indices to be considered in 3-4 quarters," Mr. Alam
said, adding that World Bank forecasts totaled 4,1%-4,3% in the first
quarter of2012.
Asad Alam will leave post and become World Bank Regional Director
for South Africa. Henry Keraly has been appointed the new Regional
Director for the South Caucasus effective July 1, 2012.
PanARMENIAN.Net
June 21, 2012 - 16:36 AMT
PanARMENIAN.Net - World Bank Regional Director for the South Caucasus
deems achievement of 7% economic growth "possible" in Armenia.
Asad Alam stressed the role of the government's program, political
changes and the global economy in achievement of the progress.
In this context, he noted that Armenia already secured 4,7% growth
in the first quarter of 2012, with indices for June expected to be
even higher.
"Production and export industries served locomotive for progress,
with agriculture indices to be considered in 3-4 quarters," Mr. Alam
said, adding that World Bank forecasts totaled 4,1%-4,3% in the first
quarter of2012.
Asad Alam will leave post and become World Bank Regional Director
for South Africa. Henry Keraly has been appointed the new Regional
Director for the South Caucasus effective July 1, 2012.