EBRD THINKS TO INCREASE NUMBER OF PROGRAMS IMPLEMENTED IN ARMENIA
ARKA News Agency, Armenia
Oct 14 2005
YEREVAN, October 14. /ARKA/. EBRD is going to increase the number of
programs implemented in Armenia, as it was mentioned at the meeting
of the members of the Board of the EBRD with the RA Premier Andranik
Margaryan, according to the RA Government’s Press Service Department.
The members of the Board congratulated Margaryan on high economic
indicators of the past years, achieved due to consistent policy pursued
by the government. Noting that a favorable investment environment is
important for any country, the members of the delegation discussed
with the Premier the activities done in the republic in that direction
as well as further plans.
In his turn Margaryan highly appreciated the work of the EBRD in
Armenia. According to Margaryan, the programs implemented by the EBRD
in the banking, energy and insurance sectors, as well as work with
entrepreneurs of the private sector had a positive influence on the
economy of the country. Margaryan attached importance to further
development of cooperation in those directions, suggesting the
possibility of long-term crediting with low interest rate in further
programs that would develop the private sector. The premier introduced
to guests the process of privatization in the republic, as well as
steps done to stimulate export, implement the strategic program on
poverty reduction and anticorruption strategy, introduce reforms in
the customs and improve legislative field to develop economy.
The delegation of the Board of the EBRD that visited Armenia includes
Terens Braun, Michael Neumaer, Gonzalo Ramos, Zhohe Veiga de Masedo,
Scot Clark, Igor Podolev, Pier Stanchina, regional director Michael
Davy, Head of EBRD Yerevan Office Michael Winstin.