Mediamax, Armenia
Oct 30 2008

Armenian government approves long-term development programme

Yerevan, 30 October: The Armenian government today [30 October]
approved a programme for sustainable development for up to the year
2021.

Armenian Minister of Finance Tigran Davtyan said that the document was
a he logical continuation of the poverty elimination program, and
served as a fundamental document for the country’s economic
development. The programme will be implemented in all sectors and is
aimed at increasing the quality of life. He said that by 2021, as a
result of the programme, Armenia’s GDP per capita would match that of
the new members of the European Union when they were joining the
EU. Armenia’s GDP per capita would stand at 5,800 dollars in 2012;
7,700 dollars in 2015; and 12,600 dollars in 2021. Davtyan said that
by setting such goals in the document, the Armenian government has
taken on "serious and ambitious commitments." He said that by 2021,
the level of extreme poverty in Armenia would not exceed 1.2 per cent
with the level of material poverty not exceeding 7 per cent.