ARMENIA PM MEETS WORLD BANK REPRESENTATIVES

armradio.am
27.01.2009 15:32

The Prime Minister of Armenia, Tigran Sargsyan, today received
the Regional Vice-President of the World Bank Shigeo Katsu and his
delegation.

Discussed were issues related to the cooperation with the World Bank,
the possible assistance of the Bank to Armenia for overcoming the
consequences of the global economic and financial crisis, as well as
Armenia’s cooperation with renowned financial and other organizations
and ongoing talks.

The Prime Minister expressed hope that Armenia’s successful cooperation
with the World Bank, last-year meetings with the leadership of the
Bank in Washington and the agreements reached will live up to the
expectations of our people with regard to further cooperation. The
parties noted that with its high indices Armenia has always been
presented as an exemplary country of reforms. Our country managed to
overcome the first stage of the global crisis without shakes unlike
many other countries.

Characterizing Armenia’s anti-crisis strategy as clear and
understandable enough, the Prime Minister once again stressed
that the main emphases will be laid on increasing the expenses
on infrastructures, particularly irrigation system, energy, road
construction. The interlocutors noted that the current situation
envisages speedy processes, which will be of predictive character,
providing an opportunity to avoid possible shakes in=2 0economy in
the future.

PM Tigran Sargsyan informed the World Bank representatives that Armenia
is successfully negotiating with other financial organizations –
the Asian Development Bank, the European Bank for Reconstruction and
Development, the Black Sea Bank for Trade and Development,