ArmInfo. Under the chairmanship of Armenian Deputy Prime Minister Mher Grigoryan, the government of Armenia discussed the implementation of programs implemented with the assistance of the World Bank (WB). The discussion was attended by representatives of the responsible departments and the WB, as well as program managers. The meeting was also attended by the Country Manager of the WB for Armenia Sylvie Bossoutrot.
According to the office of the Deputy Prime Minister, Grigoryan called the meeting in such an expanded format a good occasion for discussing the implementation of more than one dozen programs, as well as exchanging views on overcoming and finding effective solutions to emerging obstacles.
Sylvie Bossoutrot, in turn, briefly presented a package of programs implemented by the WB. 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 of the order of $ 2.3 billion. As a rule, one third of these funds is spent on reimbursing the budget deficit and another third on financing infrastructure projects. On March 28, 2019, the Board of Directors of the World Bank (WB) approved a new credit line for Armenia for $ 500 million to ensure sustainable and inclusive growth and improve the welfare of the country's population within the framework of the Country Partnership Framework (CPF) program at 2019-2023. In order to overcome poverty and promote global prosperity, the World Bank through CPF intends to assist Armenia in three areas: stimulating export and enterprise competitiveness, developing human capital and equality, and sustainable management of the environment and natural resources.