SOUTH CAUCASIAN COUNTRIES SHOULD FIND AN INCENTIVE FOR ELIMINATION OF DECREASE OF ACTIVENESS IN BUSINESS SPHERE – WB
ARKA
Oct 19, 2009
YEREVAN, October 19. /ARKA/. For overcoming and softening economic and
social consequences of the crisis, the governments of South Caucasian
countries should provide tax-budgetary incentives for elimination of
decrease of activeness in the sphere of entrepreneurship", said Dr.
Ngozi Okonjo-Iweala, Managing Director of the World Bank in her
interview to "Hayastani Hanrapetutyun".
She said that it can be implemented either on the account of budgetary
means, or on the account of involvement of international structures
and borrowings from double-sided donors. The level of implementation
of these steps by the governments of South Caucasian countries will
depend on their tax-budgetary opportunities of increasing expenses
and reduce taxes. In the conditions of reduced tax income it will
be difficult to implement. From this point of view donor investments
have been most important for Armenia and Georgia.
For the implementation of different state programs Azerbaijan used
its oil resources. One of the directions of elimination of post-crisis
consequences in South Caucasian countries is protection of vulnerable
population. She said that the mentioned countries expanded the
programs of addressed social assistance. Recently, governments of
the given countries have efficiently implemented re-distribution of
resources among vulnerable population but it is not sufficient yet. It
is necessary to fasten the process of creating jobs and choose state
investments for having economic benefits.
Okonjo-Iweala said that investment programs in irrigation, construction
of community roads and community infrastructures can assist in the
maintenance and creation of working places, particularly for not
qualified and poor work force. Currently, it is very important to
be based on the past achievements, raise the level of state policy,
and strengthen economic competition and its growth.