PM TIGRAN SARGSYAN RECEIVED REPRESENTATIVES OF THE WB ARMENIA OFFICE

armradio.am
18.11.2008 15:09

Prime Minister of Armenia Tigran Sargsyan received the representatives
of the World Bank in Armenia led by Head of Office Aristomene
Varoudakis.

The Armenian Prime Minister noted that the draft budget for Fiscal
Year 2009 has already been presented. The Government program of
arrangements for resisting the world financial crisis has also been
introduced recently. It emphasizes the necessity of implementing a
set of quick actions in the established situation. The Prime Minister
assured that this approach was approved by World Bank experts during
his visit to Washington. According to Tigran Sargsyan, Armenia managed
to resist the first wave of the crisis.

However, currently the countries of the world are worried about the
second wave of the economic crisis, and Armenia should also prepare
steps for softening its influence.

Tigran Sargsyan suggested the World Bank representatives to discuss the
agreements on allocating $250 million loan to small and medium-sized
enterprises of Armenia reached during his visit to Washington

The Prime Minister noted that negotiations are underway with other
financial structures for attracting necessary financial means.