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World Bank Launches New Partnership Strategy With Armenia; The Rural Enterprise Small-Scale Commercial Agriculture Development project; Access to Finance for Small and Medium Enterprises project; The Second Education Quality and Relevance project.

Publication: M2 Presswire
Publication Date: 12-JUN-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-12 June 2009-WORLD BANK GROUP: World Bank Launches New Partnership Strategy With Armenia; The Rural Enterprise Small-Scale Commercial Agriculture Development project; Access to Finance for Small and Medium Enterprises project; The Second Education Quality and Relevance project(C)1994-2009 M2 COMMUNICATIONS

RDATE:11062009

WASHINGTON, -- The World Bank Board of Directors today discussed a new Country Partnership Strategy (CPS) with Armenia, which provides the framework guiding the World Bank's assistance to Armenia for 2009-2012.

This Strategy, prepared at a time when Armenia is rocked by the global economic crisis, is intended to assist Armenia to resume growth and reduce the impacts of the crisis on the poor. It also aims to help Armenia lay the foundation for a more competitive economy*"a key requirement for diversified and sustainable growth.

The strategy reflects Armenia's eligibility for International Bank for Reconstruction and Development (IBRD) borrowing, which has stemmed from Armenia's success in reducing poverty by fifty percent over the last 10 years. The...

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