YEREVAN. – Within the framework of the Fund of Social Investments (today known as the Fund of Territorial Development), the World Bank (WB) has assisted Armenia in implementing about 900 projects.

Deputy Prime Minister Vache Gabrielyan, who is also the Minister of International Economic Integration and Reforms of Armenia, stated the above-said Tuesday in capital city Yerevan, at the forum to celebrate the 20th anniversary of this fund (PHOTOS).

In his words, the Fund has done a lot of work over the last few days toward restructuring and strengthening Armenia’s communities.

The WB projects along the lines of this fund are aimed at vitally important facilities. 

“The development of Armenia’s provinces is a priority of the government,” Gabrielyan added. “Information database of the communities and their four-year development plan has been created. And in the coming months, we will present a new concept of development for consideration.”