YEREVAN (Noyan Tapan–RFE/RL)–Vahram Nercissiantz–the World Bank’s former long-time representative to Armenia–was appointed an adviser to President Robert Kocharian on Monday. Although a report by the presidential press service does not specify what Nercissiantz’s area of responsibility will be–he is widely expected to focus on economic issues.
Announcing the completion of his tenure in early June–Nercissiantz said he was "think(ing) seriously" about working in the Armenian government.
A Diaspora Armenian–Nercissiantz was the first head of the World Bank mission in Armenia and has administered about two dozen different loans worth a total of $385 million. He said earlier that Armenia needs a special presidential body to oversee the use of international loans. He also said the country should register a steady annual growth rate of 10 to 12 percent if its people are to see a considerable improvement in living standards.