WB: Poverty Index In Armenia Comprises 3%

Emil Lazarian News

WB: POVERTY INDEX IN ARMENIA COMPRISES 3%

/PanARMENIAN.Net/
17.12.2009 14:14 GMT+04:00

/PanARMENIAN.Net/ Poverty index in Armenia grew simultaneously
with economic slump, head of World Bank Yerevan Office Aristomene
Varoudakis said.

As he told a news conference today, a survey was held among households
to register a 3% increase in their number, compared with 2008 results.

"Poverty index could have been twice higher, but for Armenian
government’s timely policy for protection of financially vulnerable
population," Mr. Varoudakis said. "Poverty index could have reached
6%, without poverty allowance system implemented. That’s why it is
essential for poverty allowance expenditures to be stipulated by
state budget."

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS