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WB Approves New Loans For Georgia, Armenia

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  • WB Approves New Loans For Georgia, Armenia

    WB APPROVES NEW LOANS FOR GEORGIA, ARMENIA

    ITAR-TASS
    Oct 31 2008
    Russia

    WASHINGTON, October 31 (Itar-Tass) -- The World Bank approved new loans
    worth 20 million dollars each for Georgia and Armenia on Thursday.

    In Georgia the money will go to upgrade the East-West highway from
    Tbilisi to Rikoti and promote road safety, while in Armenia the loan is
    intended for additional financing of the Municipal Water and Wastewater
    Project to rehabilitate and improve water system, the bank said.
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