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ONLY ONE OF THE 15 PROJECTS BY THE WORLD BANK WAS CARRIED OUT PARTIALLY

Economy

Judi O'Conner, the World bank regional head, is satisfied with the way the projects financed by the World bank are carried out in Armenia. Only one of the 15 projects financed by the World bank was partially carried out, the healthprotection and education projects execution was valued lower than satisfying.

Vardan Khachatryan, the Minister of Finance and Economy says the the Government dept to the World bank is 1mln. and 300.000 drams. The SAC4 and SAC5 credits not included in the budget were set aside to pay depts. Mrs. O'Conner promissed that the SAC5 credit will be given by the end of the year.

Talking about the World bank projects execution in the regions in general, Mrs. O'Conner highly valued the conscientiosness and efficience by Azerbayjan side although noting that any arrangement with them is achieved with more difficulties. She also said the American forces' set in the region will make political stability.