WORLD BANK CONFERS “1993-2002 COUNTRY PROGRAMS BEST PRACTICE AWARD” ON
ARMENIA

YEREVAN, MARCH 10, NOYAN TAPAN. In 2005, the World Bank (WB) conferred
the 1993-2002 Country (Armenia) Programs Best Practice Award on
Armenia. Armenia has become the first country to receive this award of
the World Bank.

According to the press service of the RA Ministry of Finance and
Economy, an annual meeting-discussion on assessment of the WB-financed
programs’ package took place in Yerevan on March 10. The purpose of
the discussion was to examine the overall situation regarding the
programs’ implementation in Armenia, assess efficiency of their
implementation, identify problems related to these programs and
propose their solutions, etc.

It was noted that the annual study of the 2005 package of programs
showed that they continue to be low-risk. The index of expenditures
is considerably higher than the average regional index of Europe and
Central Asia, which creates positive trends in terms of invsetment
activities and programs’ implementation.

41 programs of a total of 920.9 mln USD have been approved by the
World Bank in Armenia, with the programs of 749 mln USD being already
implemented. The total amount of the currently opertaing programs
makes 280.4 mln USD.

From: Emil Lazarian | Ararat NewsPress