WB: NO SECOND WAVE OF CRISIS IN ARMENIA

ARKA
March 17, 2010

YEREVAN, March 17. / ARKA /. Head of World Bank Yerevan Office
Aristomeneh Varoudakis ensured that the second wave of crisis is not
expected in Armenia.

"The second wave of crisis in Armenia can not take place without the
second wave in the global economy," he said at a press conference
on Wednesday.

In this regard Varoudakis explained that the World Bank does not
expect this second wave in the global economy.

"We see encouraging signs, especially in the United States, a little
less in Europe, and pretty good prospects in Russia," he explained.

The head of the WB Yerevan office added that if economic growth occurs
in Russia as it is expected, it will be well reflected in Armenia.