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Social Investment Funds Of Armenia, Moldova Discussed In Yerevan

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  • Social Investment Funds Of Armenia, Moldova Discussed In Yerevan

    SOCIAL INVESTMENT FUNDS OF ARMENIA, MOLDOVA DISCUSSED IN YEREVAN

    PanARMENIAN.Net
    October 24, 2012 - 17:17 AMT

    PanARMENIAN.Net - On October 24-25, Yerevan hosted a two-day workshop
    titled "Evolution Perspectives of the Social Investment Funds of
    Armenia and Moldova", at the initiative of the World Bank (WB)
    and RA government

    The event brought together government officials from Armenia and
    Moldova, experts from Georgia, Ukraine, Russia and other donors.

    "The Fund's further activates should include new sectors based on
    the long-term experience, tested mechanisms of project implementation
    and image of a trusted social partner. This will help the communities
    to establish participatory mechanisms for solving the existing social
    problems, as well as implement development programs focused on creating
    employment opportunities, boosting businesses, organizing community
    life and improving standards of living," Deputy Prime Minister Armen
    Gevorgyan said.

    World Bank Country Manager for Armenia Jean-Michel Happi, in turn,
    noted that USD 83 mln was allocated for the implementation of three
    programs over the past 17 years.

    The third phase of the program is currently in progress in Armenia.

    He said that the fund's programs aim to reduce poverty in Armenian
    communities due to job creation, with 850 RA communities having become
    micro-program beneficiaries.

    Heads of Social Investment Funds of Armenia and Moldova Ashot
    Kirakosyan and Boris Popadiuc further called attention to the funds'
    programs in other countries for implementation of new projects.

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