WB to allocate $200m to Armenia within 2 years

WB to allocate $200m to Armenia within 2 years

PanARMENIAN.Net - The World Bank Group has presented its Progress Report on the Country Partnership Strategy (CPS) for Armenia for 2009-2013. Prepared against the backdrop of the global economic downturn, the CPS was built around two pillars: (i) addressing vulnerability, and (ii) strengthening medium-term competitiveness for post-crisis recovery and growth.

Key achievements of the Bank-supported programs from 2009 to date have been: 290 km of lifeline roads were rehabilitated, creating about 12,000 person/months of labor, and linking smaller towns and cities with main road network; 200 community projects were completed, covering schools, healthcare facilities, community centers, potable water supply, and gas supply, and creating 20,000 person/months employment; 89.4 km of irrigation canals were rehabilitated, helping to reduce water losses and increasing irrigation areas for agriculture by 7,300 hectares, 165 sub-projects supported community infrastructures and investment plans in 141 villages, creating 5,060 person/months jobs; 5 regional hospitals were renovated, and 70 rural primary healthcare (PHC) facilities improved; 1,182 physicians were re-trained as family physicians and 1,306 nurses as family nurses.

Besides, 8,000 urban poor households were provided gas heaters and connected to the gas supply network. Heating systems for 119 schools were also rehabilitated.

“The proposed lending program will further deepen the Bank’s engagement on poverty reduction while building the foundations for competitiveness and diversifying the sources of economic growth”, said Jean-Michel Happi, World Bank Country Manager for Armenia.

The World Bank Group lending program is going to be underpinned by analytical and advisory services focusing on debt and fiscal consolidation, poverty and social protection, and financial sector stability, cutting across the two strategic pillars of the CPS.

5  07.07.11 - Press conference of RA Finance Minister Vache Gabrielyan and country manager of World Bank Armenia office Jean-Michel Happi
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