IEG Good Practice Awards: 2005 Winners
Country Program Award
 Winner
Armenia FY93-02 Country Program
Reason for Selection
The Bank’s country program during the period FY93-02, in tandem with the IMF and other donors, has made a major contribution to the maintenance of macroeconomic stability in Armenia, which facilitated the economic recovery and growth (averaging 7.4% per year during the period). Although poverty remains widespread, it has been falling since the late 1990s. The Bank’s country program has been highly relevant and well-coordinated— there were excellent linkages between Economic and Sector Work and lending, and the investment and adjustment operations were mutually supportive. The Bank has played an important role in areas such as the development of a regulatory framework, legal and judicial reform, and the creation of means-tested poverty benefits bringing about substantial institutional development impact.
Project Description
Program period: FY93-02
IEG CAE date: June 15, 2004
Project Team Members
Lynette Alemar
Frances M. Allen
Konstantin Atanesyan
Jeanine Braithwaite
Mary Canning
Richard J. Carroll
Lea d'Almeida-Senou
Judy Deane
Donna Dowsett-Coirolo
Lev Freinkman
Mohammad Reza Ghasimi
Wafik Grais
Karen Grigorian
Gohar Gyulumyan
Susanna Hayrapetyan
Adriana Jordanova Damianova
Basil Kavalsky
Mark Lundell
Alexandre Marc
Cheryl Martin
Slobodan Mitric
Amitabha Mukherjee
Cyril Muller
Helga Muller
Varham Nercissiantz
Peter Nicholas
Judy O'Connor
Toomas Palu
Gillian Perkins
Aleksandra Posarac
Ana Revenga
Laura Rose
Onno Ruhl
Owaise Saadat
Helen Sutch
Bagrat Tunyan
Vlado Vucetic
Jonathan Walters
Salman Zaheer
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