Armenian Prime Minister Tigran Sargsyan receives World Bank Regional
Director for South Caucasus Asad Alam

2009-03-06 20:23:00

ArmInfo. Armenian Prime Minister Tigran Sargsyan received World Bank
Regional Director for the South Caucasus Asad Alam. Head of WB Office
in Armenia Aristomene Varoudakis also took part in the meeting. The
meeting participants discussed programs for the next 4 years being
implemented in Armenia with the WB support.

The Armenian prime minister expressed content with the level of
Armenia-WB cooperation and pointed out that Armenia is interested in
continuation of cooperation in all programs, including the spheres of
agriculture, governing system, improvement of irrigation systems, etc.
despite the fact that the government will have to give up a number of
high-risk projects due to the financial and economic
crisis. Tigran Sargsyan stressed the significance of implementation of
social programs.

Asad Alam pointed out the importance of effective spending of $525 mln
provided to Armenia by WB, particularly, the elaboration of a distinct
action plan. He added that according to the results of
assessment of 2-year implementation of programs, possible further
financing by WB will be considered.

Asad Alam said that the Poverty Reduction and Growth Facility program
in Armenia was declared the best at the WB competition "Improvement of
life in Europe and Central Asia" and awarded a commemorative prize to
Tigran Sargsyan.