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The World Bank

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The Bank has been assisting Armenia in resuming growth and alleviating the impact of the crisis on the poor, as well as in laying the foundation for a more competitive economy. Prepared against the backdrop of the global economic downturn, the 2009-2013 Country Partnership Strategy (CPS) for Armenia was built around these two pillars: (i) addressing vulnerability, and (ii) strengthening medium-term competitiveness for post-crisis recovery and growth. The Bank has been helping Armenia regain macroeconomic stability, create jobs especially in rural areas, and limit the adverse poverty impact of the crisis. It has also assisted the country in improving the business environment, strengthening public sector institutions and infrastructure, and investing in new sources of growth. The Bank’s assistance has primarily focused on revitalizing the country’s agriculture and rural roads network, modernizing the health, judicial and education systems, and rehabilitating the water and energy sectors. The World Bank’s lending program is underpinned by analytical and advisory services focusing on debt and fiscal consolidation, poverty and social protection, and financial sector stability, cutting across the two strategic pillars of the CPS.

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