President Robert Kocharian based his reelection campaign earlier this year on a pledge to promote prosperity in Armenia. An ambitious economic program, developed by the Armenian government and quickly approved by parliament, aims to fulfill Kocharian's promise. But the program's lack of detail raises doubts about its chances for success.
The National Assembly, which is dominated by pro-Kocharian political forces, endorsed the government's four-year program in mid-June. Armenian media paid the program's passage only brief attention. The public reaction was similarly tepid. Indeed, Kocharian's campaign promises have been largely overshadowed by contentious presidential and parliamentary election results this year. [For background see the Eurasia Insight archive].
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Haroutiun Khachatrian is a Yerevan-based writer specializing in economic and political affairs.