World Bank Will Help Armenia to Fight Corruption and Effectively Manage Funds

Armenia’s Deputy Prime Minister Mher Gregoryan and Sylvie Bossoutrot, World Bank Country Manager for Armenia, chaired last week a joint discussion of a draft document called “Development Policy Functions,” the Armenian government press service reported. It said representatives of various government agencies as well as member of a WB team, who are visiting Armenia, too part in the discussion.

Grigoryan was said to have underscored the importance of cooperation with the World Bank, appreciating highly the document. He spoke about the priorities of the government and the existing problems, which are expected to be solved through implementation of joint programs with the World Bank. In particular, he singled out such issues as human capital development, modernization of infrastructures, formation of a capital market, streamlining government procedures and using Armenia’s trade opportunities.

Representatives of the World Bank presented the timetable for the development and approval of the document and its main directions, which relate to the economy, public administration and taxes. The document is consonant with the three directions of the government program, the fight against corruption, the development of a cooperative and inclusive economy and the effective management of public finances.

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