The new program of cooperation between Armenia and the World Bank  will be directed to the export- oriented model of economic growth

ArmInfo. The World Bank (WB) is currently developing a new program of cooperation with the Government of Armenia, which will last 4 years. Answering the question of  ArmInfo, during this press conference on October 31, the head of the  WB Yerevan office Silvia Bosutro said this. "We hope that the new  program will bring about important changes in the model of economic  growth, which will be more export-oriented," she said.

In particular, she said that the program will cover three key areas,  the first of which will deal with improving competitiveness and  promoting exports. According to S. Bosutro, those that have the  highest potential for economic growth, in particular IT, the  agricultural sector and tourism, are highlighted as priority areas.

As the head of the WB Yerevan office noted, at this stage there are  15 current programs that the Bank is implementing in Armenia. "One of  our programs concerns agro-tourism, which has a tremendous  development potential in Armenia, since at the expense of small  progress, good results can be recorded," she concluded.

Armenia has been a member of the World Bank since 1992. In total, the  WB provided Armenia with funds in the form of loans and grants in the  order of $ 2.3 billion.