WB Satisfied With Communal Development Program In Armenia YEREVAN

(Noyan Tapan)–On October 2–the World Bank Regional Director for Armenia–Georgia and Azerbaijan–Judy O’Connor got acquainted with the implementation of the World Bank credit program of communal development. The delegation visited construction sites–catchment structures in the villages of the Arzakan and Kotayk region. The structures are supposed to improve the supply of drinking water from artesian wells to Yerevan. The capacity of the water main supplying water to Yerevan is expected to be increased from 600 to 800 liters per second. $2.71 million of the $30,000,000 is expected to be spent on the reconstruction of 17 catchment structures–the construction of a 3-kilometer highway–and the improvement and electrification of the system. The next stage of the program is the improvement of the water-supply management in Yerevan’s Davidashen district.

World Bank Resident Representative to Armenia Oweise Saadat expressed–with optimism–that in the future most of the WB programs will be aimed at the construction of schools–water-pipes–outpatients’ clinics–as well as at creation of jobs – all that people need.

O’Connor was satisfied with the implementation of the programs in Armenia–but pointed out that the Armenian government fails to fulfill it co-financing commitmen’s: the government’s debts currently total $122,000.

O’Connor also pointed out that Armenia’s budget is in a bad state–but there is hope that budget revenues will increase next year. Georgia has the same problem–but–O’Connor stressed–economic recovery is expected in Georgia after the privatization of the energy sector. As regards to Azerbaijan–it has no such problems: high oil prices allowed the country to increase budget revenues so that they exceed expenditures.

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