THE MOST DIFFICULT PART IS THE REALIZATION OF THE PROGRAM

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| 15:49:15 | 18-04-2005 | Social |

The Millennium development fund intends to realize a program of 175
million dollars in Armenia. 118 million of the sum will be spent to
solve the problems of the irrigation system, and 57 million ~V to
solve those of the reconstruction of the community roads. The program
will probably start in 2006 and will last 4 years.

According to the Tigran Khachatryan, deputy Minister of Finance and
Economy, «Investigations show that the index of overall economical
development does not have any positive impact on the reduction of
rural poverty».

Why were the irrigation and community roads chosen for the program? Mr.
Khachatryan noted that in Armenia and area 135 thousand hectares in
efficiently irrigated. The raise of the efficiency of irrigation will
greatly contribute to the raise of the profits in the agricultural
area.

This is the reason why the problems of the irrigation system
reconstruction are in the first place in the Government decisions. As
for the roads, the reconstruction of the community roads and those
connecting 308 dwelling places with the main highways is envisaged.

Roger Robinson, head of the World Bank Yerevan office, also expressed
his opinion about this program, «If the program is confirmed and
the details are cleared out, only the most difficult part ~V the
realization will be left».

–Boundary_(ID_G9CcIz2YqN36+lXvHCir3g)–