EBRD: COOPERATION WITH ARMENIA OPENS UP NEW POSSIBILITIES FOR EXPANDING JOINT ACTIONS’ SPHERE
De Facto
Dec 5, 2008
YEREVAN, 05.12.08. DE FACTO. On December 4 RA President Serzh Sargsian
received the delegation of the Board of Governors of the European
Bank for Reconstruction and Development.
The President of Armenia highly praised the activities of the EBRD
in our country, noting that the cooperation had started right after
Armenia’s independence and that in the success registered during the
last years the EBRD had undoubtedly had its share. Among the problems
facing Armenia today, President Sargsian highlighted two main issues:
consistent work toward economic development and withstanding the
global financial and economic crises, mitigating to the utmost their
consequences. In this context the President of Armenia mentioned
the necessity of engaging more resources, improving the work of the
governing bodies. He also noted that the Government envisaged the
implementation of the short-term as well as the long-term programs.
Assessing the cooperation with Armenia as efficient, the
representatives of the EBRD said that there were new possibilities
for expanding that cooperation which was a strategic objective of
the Bank. Notwithstanding difficult times they anticipate that the
Armenian economy will continue to grow.
The delegation of the Board of Governors also informed that recently
the decision had been made to raise the level of the Bank’s
engagement20 in the countries where they had already maintained
presence. According to them, the business programs related to Armenia
are rather ambitious and with this regard the approaches of the
Armenian Government and the Bank concur.
The President of Armenia also expressed wish that the Bank gets more
deeply involved and more actively participate in the different areas of
the Armenian economy, noting that it is not only about the financial
resources, even though it is an important factor: according to Serzh
Sargsian, the Bank brings along a new culture of administration which
is essential, the RA President’s Press Office reports.