The World Bank celebrates the 20th anniversary of cooperation with the Republic of Armenia, which is of great positive influence on the living conditions of children, women and men of Armenia.

The celebration was attended by many guests, including high-ranking officials, representatives of business and banking system, program implementing offices, think tanks, civil society representatives and media.

“This is a significant achievement and we are proud to provide such service for the people of Armenia.

Armenia has gone a long way in the last two decades. In 1990s, thanks to the projects of the government, the citizens have been able to increase their revenues and improve the transportation system and infrastructure, as well as to reduce poverty. Nevertheless, during the global financial crisis the country continues to resist socio-economic challenges. During all these changes the World Bank will continue its involvement in formation of a steady partnership, both in the good and bad times,” the World Bank Country Director for South Caucasus Henry Keralin said.