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