Tuesday, October 29 2019 19:36

ArmInfo. On October 29, Minister of Territorial Administration and Infrastructures of the Republic of Armenia Suren Papikyan received the World Bank delegation  led by the head of the WB Social Investment and Local Development  Program Ivan Drabek.

According to the press service of the Ministry, welcoming the guests,  the minister praised the multilateral partnership between Armenia and  the World Bank with promising development prospects. In particular,  Suren Papikyan stressed the need to ensure the continuation of the  Social Investment and Local Development Program with the involvement  of WB credit resources.

Ivan Drabek, in turn, emphasizing the success of the process of joint  work with Armenia, confirmed that maximum efforts will be made to  bring them to a new qualitative level.

During the meeting, the parties discussed the components of the  program of social investments and local development, in particular,  the implementation of a comprehensive program of intercommunal  relations and socio-economic development of communities, improving  the living conditions of beneficiaries, improving the quality of  public services and the potential for institutional development.   Suren Papikyan noted that the partnership with the bank gave a new  impetus to the prospects of unlocking the potential of communities  and structural reforms. "We consider the program with the bank  successful, and successful programs must be continued," the minister  said.

In conclusion, the parties stated that the Ministry and the World  Bank are currently implementing a number of programs aimed at  developing infrastructure, strengthening local and regional  capacities, and mutually reaffirmed the need for more efficient use  of resources to ensure further economic development of the country.

To recall, within the framework of the program of social investments  and local development, the International Bank for Reconstruction and  Development (WB structure - ed. note) provided a loan of $ 30 million  to Armenia. The program is aimed at socio-economic development of  communities, construction of educational, medical, social  infrastructure, modernization of water supply and drainage systems,  construction of premises for warehouses and processing of  agricultural products. The loan was granted for a period of 25 years  with a grace period of payments in the first 14.5 years.