The world Bank is ready to increase financial assistance to Armenia

The world Bank is ready to increase financial assistance to Armenia


The Armenian government, in turn, expressed readiness to expand cooperation with the world Bank as part of ongoing programmes and planning of new projects.

YEREVAN, 20 Oct. Hamlet Matevosyan. The world Bank is ready to increase financial assistance to Armenia, said Tuesday the Vice-President of the regional Department of the world Bank for Europe and Central Asia Cyril Muller.

“The world Bank will continue to support the development of critical sectors of the economy of Armenia in the future and is ready to increase financial assistance,” said Mueller at a meeting with Prime Minister of Armenia Hovik Abrahamyan. The representative of the world Bank called the Bank cooperation with Armenia “unique”.

In turn, Abrahamyan noted that the Armenian government is ready to expand cooperation as part of ongoing programmes and planning of new projects.

“During the meeting the interlocutors discussed a wide range of questions concerning cooperation between Armenia and the world Bank, and reaffirmed the bilateral commitment to applying new tools and flexible approaches to overcome existing challenges and implementation of systemic reforms in the sphere of economy”, — reported the press service of the Armenian Cabinet.

Earlier it was reported that the WB intends to implement in Armenia in the 2015 program year in the amount of $ 170 million. Armenia since 1992 is a member of the world Bank. Since 1993 the international development Association (IDA) under the WB has provided Armenia 2,036 billion.