Armenian social investments fund best among CIS nations



YEREVAN, SEPTEMBER 14, ARMENPRESS: Charles Griffin, World Bank social
sector development director, who is in Yerevan to participate in the 6-th
international conference of the Bank’s social investment funds, kicked off
September 13 to mark the 10-th anniversary of the Armenian Social
Investments Fund, described the Armenian Fund as one of the best among
similar structures across the CIS, saying it has contributed significantly
to development of educational, health and other infrastructures.
“We are very impressed by the performance of the Armenian Social
Investments Fund and are ready to provide another $15 million for
implementation of another program,” he said. Fund’s director Ashot
Kirakosian said the second program with a total budget of around $20 million
was nearing accomplishment. He said some 585 projects were either
accomplished or were nearing it, the bulk of which were aimed at school
building, repair, improvement of drinking water networks and health
Kirakosian praised the Armenian Diaspora organizations for their weighty
input, around $1 million, in these projects. The conference is being
attended by 150 representatives of social investment funds from 28
World Bank resident representative Roger Robinson who was present said he
was proud of the Armenian Social Investment Fund’s performance. “Now I
understand why others want to come here to learn,” he said.

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