Armenia to continue WB-financed programs implementation

PanARMENIAN.Net - Today RA Prime Minister Tigran Sargsyan met with WB Regional Director for South Caucasus Asad Aliev. The meeting was attended by the WB Armenian Representation Head Aristomene Varudakis, RA Government press office reported. The parties' discussion focused on programs to be financed by WB during next 4 years. According to Prime Minister, Armenia will continue the implementation of the scheduled programs, including social projects and reforms in organization governance, agriculture and irrigation systems, though in financial crisis situation some risky programs were withdrawn.

Asad Alam emphasized the importance of purposeful usage of $525 million credit provided by WB, adding that in 2 years an additional WB financing might be considered based on programs' implementation progress.

Asad Alam congratulated the Prime Minister on the victory of Armenia's Poverty Elimination Credit Program in WB Contest on Life Improvement in Europe and Central Asia.