WORLD BANK DIRECTORS COUNCIL DELEGATION ARRIVING IN YEREVAN

The delegation of the directors of the World Bank Council is arriving in Armenia with an acknowledging visit December 7. As reported to Arminfo agency in the WB Yerevan office, the bank’s representatives will discuss with the members of the Armenian government the programs, which are being carried out in the republic. As WB regional director for South Caucasus Donna Dowsett Coirolo told journalists in Yerevan earlier, the World Bank intends to increase the amount of the financial and technical assistance to Armenia during the next four years. The strategy for rendering assistance in 2004-2007 is being discussed with the Armenian government at present. Within the framework of the previous (2001-2003) program over $112 million out of the total project sum of $150 million has been already appropriated. 2003 fiscal year will come to its end June 30, 2004.