WORLD BANK WELCOMES ARMENIA’S BAILOUT MEASURES AND REFORMS
ARKA
Oct 19, 2009
YEREVAN, October 19. /ARKA/. World Bank Managing Director Ngozi
Okonjo-Iweala, at her meeting with Armenian Prime Minister Tigran
Sargsyan on Saturday, welcomed Armenian government’s bailout steps.
She also said that Armenia’s successful cooperation with the World
Bank sets a good example for other countries.
The WB managing director hailed tax and customs administration reforms
and anticorruption programs and said that the progress seen in Armenia
inspires confidence in success and lays ground for supporting new
projects.
She pointed out that although the global financial and economic crisis
was unprecedented, Armenia reacted properly to it.
This gives ground for hope that the reasonable economic policy pursued
the government will pull out the country from the row of underdeveloped
countries and will make it fit to join advanced states, she said
adding that the World Bank and International Financial Corporation
supports Armenia’s efforts.
The WB managing director welcomed the Armenian World Concept and said
that this policy is one of Armenia’s competitive advantages.
Speaking about improvement of Armenian-Turkish relations, she said
that the World Bank is interested in continuation of this process.