The World Bank is pleased with the level of cooperation with Armenian government. WB regional director for South Caucasian countries Judy O'Connor has stated this. According to her, 14 out of 15 programs realized by the Bank in Armenia are carried out effectively enough "though there are problems with their financing from the direction of RA government". J. O'Connor has also noted that this year there are preconditions for the increase of Armenia's budget incomes, "and this will allow to solve the problems with financing too".