Republican Party of Armenia

 Prime Minister Tigran Sargsyan attended a World Bank membership 20th anniversary-dated reception.

Welcoming the participants on behalf of the Government of Armenia, the Prime Minister stated in part, “Armenia’s economic reforms and the structural changes are difficult to imagine without the World Bank’s active participation. It is no secret that the most important problem faced by transition nations is to mobilize the potential of reforms so that citizens come aware of their impact. The World Bank's mission is just to help get tangible results. There is hardly any area where the World Bank has not been involved, including the disaster zone and the financial sector. I am happy that no World Bank-assisted program has failed so far. We have been doing a teamwork aimed at the strengthening of the State. I wish to reiterate that the World Bank and Armenia are reliable partners, and we are eager to continue working together on our joint programs. We still have a long way to go.”

The Prime Minister advised that an exciting discussion had been held with the World Bank team concerning future action, where the Bank’s experts provided analyses on how Armenia could address upcoming challenges through new methods and tools.

The head of government thanked the staff of the Bank in the person of the Armenia mission head Jean-Michel Happi for effective cooperation.