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HAPPI: ARMENIA AMONG TOP PERFORMING PARTNERS TO WORLD BANK
YEREVAN, January 11. /ARKA/. Armenia consistently ranked among the
top performing countries in International Development Association
(IDA) portfolio, Jean-Michel Happi, the World Bank's Country Manager
for Armenia, said in an interview with ARKA News Agency.
He said that throughout the past 20 years Armenia has maintained
its forefront place in the Bank in terms of the quality of portfolio
implementation.
"With a diversified portfolio in almost all sectors of economy (in
the total commitments of more than $1.6 bln since 1993) the projects
have shown notable results," he said. "The projects addressed needs in
various sectors including roads, energy, education, health, irrigation,
rural development, public administration, and judiciary, etc."
Happi said the IDA credits and more recently (since 2009) the
International Bank for Reconstruction and Development ( IBRD) loans
have been the two main instruments of financing the projects that
helped further the development and reform agenda of the country.
"The large share of infrastructure projects helped not only to improve
access to markets and reduce the associated costs and time, but also
created new jobs and offered incomes to many," he said. "Investments in
the health and education infrastructure made an additional contribution
to the reduction of non-income poverty by easing the access to basic
social services for the poor and vulnerable."
Happi also added that he key reasons for the successful results of
World Bank support have been the close cooperation with the Armenian
government, the government's high ownership and the very strong
implementation capacity that exists in the country.
Some 14 WB-funded programs are being implemented in Armenia now. The
Lifeline Road Improvement Project (LRIP), the Municipal Water Project
(MWP), the Municipal Water and Wastewater (MWWP), the Irrigation
Rehabilitation Emergency Project (IREP), the Electricity Supply
Reliability Project (ESRP), the Geothermal Energy Project (GEP), the
Energy Efficiency Project (EEP) and the Community Agricultural Resource
Management and Competitiveness (CARMAC) projects are among them. -0-
YEREVAN, January 11. /ARKA/. Armenia consistently ranked among the
top performing countries in International Development Association
(IDA) portfolio, Jean-Michel Happi, the World Bank's Country Manager
for Armenia, said in an interview with ARKA News Agency.
He said that throughout the past 20 years Armenia has maintained
its forefront place in the Bank in terms of the quality of portfolio
implementation.
"With a diversified portfolio in almost all sectors of economy (in
the total commitments of more than $1.6 bln since 1993) the projects
have shown notable results," he said. "The projects addressed needs in
various sectors including roads, energy, education, health, irrigation,
rural development, public administration, and judiciary, etc."
Happi said the IDA credits and more recently (since 2009) the
International Bank for Reconstruction and Development ( IBRD) loans
have been the two main instruments of financing the projects that
helped further the development and reform agenda of the country.
"The large share of infrastructure projects helped not only to improve
access to markets and reduce the associated costs and time, but also
created new jobs and offered incomes to many," he said. "Investments in
the health and education infrastructure made an additional contribution
to the reduction of non-income poverty by easing the access to basic
social services for the poor and vulnerable."
Happi also added that he key reasons for the successful results of
World Bank support have been the close cooperation with the Armenian
government, the government's high ownership and the very strong
implementation capacity that exists in the country.
Some 14 WB-funded programs are being implemented in Armenia now. The
Lifeline Road Improvement Project (LRIP), the Municipal Water Project
(MWP), the Municipal Water and Wastewater (MWWP), the Irrigation
Rehabilitation Emergency Project (IREP), the Electricity Supply
Reliability Project (ESRP), the Geothermal Energy Project (GEP), the
Energy Efficiency Project (EEP) and the Community Agricultural Resource
Management and Competitiveness (CARMAC) projects are among them. -0-