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  • World Bank to Armenia

    A1 Plus | 15:21:35 | 05-05-2004 | Economy |

    WORLD BANK TO ARMENIA

    On Tuesday, World Bank approved three credit projects on Armenia.

    Under the first of them, Armenia's State Sector Modernization program, the
    WB allocates 10 million 150 thousand USD.

    The WB offers another $23 million for water-supply needs. The credit will
    make water supply in Armenian provinces more effective, but drinking water
    problem will remain unsolved for at least four years, says the head of WB
    Yerevan office Roger Robinson.

    The Bank has also pledged 1 million 74 thousand USD for Armenian Agriculture
    Reform program implementation.

    Total amount of the money the World Bank has already credited to Armenia
    makes 789 million 9 thousand USD.
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