Armenia to continue WB-financed programs implementationMarch 6, 2009 - 21:01 AMT 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governance, agriculture and irrigation systems, though in financial crisis situation some risky programs were withdrawn.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. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Moscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said. Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |