YEREVAN, October 26. / ARKA /. The World Bank expects Armenia’s GDP to grow by 4.5% in 2011, World Bank Country Manager for Armenia, Jean-Michel Happi, said to a news conference today. According to him, the forecast for the next year next is 4-5%. Mr. Happi said the World Bank’s projection for global GDP growth is 2.4-2.8%, but the debt crisis may reduce the degree of confidence and result in slowing economic growth.

The World Bank said in its June 2011 edition of Global Economic Prospects that Armenia’s GDP is expected to grow by 4.6% in 2011 and drop to 4.3% in 2012 and to 4.2% in 2013. According to the latest official data of Armenian government, the economy expanded by 5 percent in the first nine months of 2011. The full-year growth projection of the government is 4.6%. -0-

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WB experts find post-crisis situation in Armenia quite stable.

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Armenia not threatened by a second wave of crisis, World Bank official says.

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Armenian president responds to World Bank Yerevan office head’s statement about second wave of crisis

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Armenian delegation leaves for Washington to attend IMF and WB annual meeting.

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Prospects for post-crisis recovery were outlined and social and economic development of Armenia discussed at a video conference that connected the Eurasian Development Bank’s offices with the World Bank’s offices.

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Areximbank – Gazprombank Group CJSC will take part in the World Bank’s program on crediting small and mid-scale businesses in Armenia

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Armenian prime minister Tigran Sarkisian said today the World Bank has decided to increase funding for Armenia in the amount of $55 million.

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A senior World Bank representative said today Armenian economy may expand this year as much as 4%-5% if not affected by an external turmoil.

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Today the World Bank Yerevan Office announced the results of the Civil Society Fund 2011, the office’s press services reports.

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