Darbinian Evaluates World Bank Program Implementation

YEREVAN (Noyan Tapan)–Prime Minister Armen Darbinian Tuesday met with directors of offices for implementation of the World Bank’s credit programs. The goal of the meeting was to estimate the current situation of the programs implementation. The World Bank is sponsoring 13 credit programs.

The prime minister expressed his dissatisfaction with the pace of development due to which the set goals have not yet been accomplished. The slow realization of funds is an obstacle in the way of implementing measures stipulated by the credit programs. The credit programs hold solutions vital to social and economic problems. The Social Investment Fund–in particular–has not made any progress in the realization of sums over the past six months.

Darbinian found it necessary for all offices for program implementation present for approval annual budget and agenda of operation to relevant branch ministers–the minister of economy and finance as well as the minister of economic and structural reforms.

Addressing the issue of joint financing of the World Bank’s credit programs with state funds–Darbinian pointed out that state funds allocated must be regarded as urgent expenses–especially in relation to programs being implemented in the earthquake area.

To increase the efficiency of the credit programs–Darbinian stressed the need for enlisting the help of relevant government ministries.


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