YEREVAN, November 1. /ARKA/. Sylvie Bossoutrot, Country Manager of the World Bank for Armenia, speaking Wednesday at a press conference in Yerevan, said the World Bank is now working out a new program for cooperation with Armenia’s government for the next four years.
In her words, the World Bank hopes that in the process of the elaboration of the document the country will take a significant twist toward an export-oriented policy.
She said a special emphasis will be put in the program on promoting competition and export, and the World Bank will choose areas with high prospects for development – agriculture, information technology and tourism.
Bossoutrot said that the World Bank is already implementing 15 programs, one of which in the tourism sector. In her opinion, this is a quote promising project.
She also said that steps are already being taken to increase investments in Armenia. She said that the predictability of the policy is being enhanced and the legal protection is being strengthened.
In this context, the WB representative expressed hope that the law on direct foreign investments will be adopted very soon in Armenia.
She pointed out the necessity of scanning all the areas for a more detailed presentation, to give information to investors for deciding where they want to invest their money.
Armenia, which became the World Bank’s member in 1992 and the World Bank's International Development Association (IDA) in 1993, has received $2.3 billion from them since then. –0—