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WORLD BANK DISBURSES ARMENIAN POLICY REFORM AID
CISTran Finance
Dec 29 2014
December 29, 2014 5:00 AM
By CISTran Finance Reports
The World Bank on Tuesday disbursed a $75 million loan to the
Republic of Armenia to fund the implementation of reforms to help
its macroeconomic climate.
The reforms that are being taken on by the Republic of Armenia are
to expand opportunities to business in the country and to lessen
the regulatory burden placed on businesses. The country aims to
strengthen the business environment by improving access to credit
lines, implementing government efficiency and transparency measures,
and improving infrastructure and the management of it to foster a
more habitable commerce space.
The government also will be implementing social protections to allow
individuals less burdens in medical care in the form of waivers on
co-payments to households. The government of Armenia also plans
to scale back its regulatory inspections on business and start a
single point for customs clearance and reorganize the institutional
structure of the oversight on the aviation sector that will improve
accountability for both parties.
"Our commitment to the people and government of Armenia includes
supporting this package of reforms, which will help the Armenian
economy make the shift from an unsustainable reliance on inflows
towards export-oriented growth and a higher rate of job creation,"
said Laura Bailey, World Bank country manager for Armenia.
http://cistranfinance.com/featured/world-bank-disburses-armenian-policy-reform-aid/5786/
CISTran Finance
Dec 29 2014
December 29, 2014 5:00 AM
By CISTran Finance Reports
The World Bank on Tuesday disbursed a $75 million loan to the
Republic of Armenia to fund the implementation of reforms to help
its macroeconomic climate.
The reforms that are being taken on by the Republic of Armenia are
to expand opportunities to business in the country and to lessen
the regulatory burden placed on businesses. The country aims to
strengthen the business environment by improving access to credit
lines, implementing government efficiency and transparency measures,
and improving infrastructure and the management of it to foster a
more habitable commerce space.
The government also will be implementing social protections to allow
individuals less burdens in medical care in the form of waivers on
co-payments to households. The government of Armenia also plans
to scale back its regulatory inspections on business and start a
single point for customs clearance and reorganize the institutional
structure of the oversight on the aviation sector that will improve
accountability for both parties.
"Our commitment to the people and government of Armenia includes
supporting this package of reforms, which will help the Armenian
economy make the shift from an unsustainable reliance on inflows
towards export-oriented growth and a higher rate of job creation,"
said Laura Bailey, World Bank country manager for Armenia.
http://cistranfinance.com/featured/world-bank-disburses-armenian-policy-reform-aid/5786/