The Country Cannot Develop By Private Transfers

THE COUNTRY CANNOT DEVELOP BY PRIVATE TRANSFERS

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| 16:57:33 | 18-04-2005 | Social |

Today, at the Marriott-Armenia Hotel in Yerevan the Millennium
Project’s “Investing in Development: A Practical Plan to Achieve
the Millennium Development Goals” report was launched. UN Resident
Coordinator and UNDP Resident Representative, Ms. Lise Grande,
presented the report to representatives of the Government, diplomatic
corps, civil society and the mass media.

The UN Millennium Project is an independent advisory body commissioned
by UN Secretary-General Kofi Annan to develop a global plan for
achieving the eight Millennium Development Goals (MDGs) by 2015. The
Project is directed by Prof. Jeffrey Sachs of Columbia University.

In September 2005, a high-level summit of the UN General Assembly
will discuss the findings and recommendations of this report. The
world will face a historic chance at this meeting for making the
necessary global policy breakthrough, which is needed to help the
poorest countries achieve the Goals. The Millennium Project’s report
provides a detailed blueprint for making this happen.

One of the key findings of the report is that MDGs are achievable by
2015, even for the poorest countries of the world. But the report
confirms that we are on a threshold where we no longer can afford
any further delays in introducing swift policy actions for achieving
the Goals.

Ms. Grande noted in her speech: “As an outcome of today’s presentation,
it is important that the work already being done in Armenia to reach
the MDGs is accelerated. By more directly aligning the country’s
Poverty Reduction Strategy with the MDGs and localising targets for
each of the eight MDG goals, we can together make sure that no one
in Armenia is left behind.”

At the event, a presentation by Mr. Tigran Khachatryan, Deputy Minister
of Finance of Armenia on the status of PRSP monitoring also took place.