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SERGE SARGSYAN RECEIVES WB DIRECTOR
[06:44 pm] 05 October, 2007

Today, RA Prime Minister Serge Sargsyan hosted the Director of the
World Bank Yerevan Office Aristomene Varoudakis.

The parties dwelt on issues connected with the WB programs underway in
Armenia, the bank’s future cooperation with the Armenian Government,
as well as questions related to the RA Prime Minister’s forthcoming
visit to Washington.

Serge Sargsyan will participate in the annual forum of the WB and the
International Monetary Fund and the sitting of the Armenian-American
Intergovernmental Economic Cooperation Commission in Washington.

According to the RA Prime Minister, the Armenian Government highly
appreciates the cooperation with the World Bank and is inclined to
develop it in the future.

Serge Sargsyan and Aristomene Varoudakis turned to the document
entitled `The World Bank and Armenia: Partnership for Best Future,’
which presents the whole path of the Bank’s partnership with Armenia,
the Bank’s mission, the package of documents, the results achieved,
the new strategic direction of assistance for 2008-2012, the
challenges and a number of other issues.

The interlocutors discussed the possible directions of the Bank’s
cooperation with the Armenian Government. Serge Sargsyan stressed the
importance of implementation of regional development programs, which
have both political and economic components.