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WB-Funded Credit Programs In Armenia Totaled USD 280 Million In 2009

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  • WB-Funded Credit Programs In Armenia Totaled USD 280 Million In 2009

    WB-FUNDED CREDIT PROGRAMS IN ARMENIA TOTALED USD 280 MILLION IN 2009

    /PanARMENIAN.Net/
    17.12.2009 17:35 GMT+04:00

    /PanARMENIAN.Net/ In 2009, World Bank-bank funded credit programs in
    Armenia totaled USD 280 million, according to Aristomene Varudakis,
    representative of WB Office in Yerevan. "Out of USD 550 million
    envisaged for separate programs, USD 280 million has been formulated,"
    he told journalists Thursday.

    At that, he noted that the 2009-12 Strategic Partnership Program
    envisages creditor means in the amount of $ 550 USD million, of which $
    450 USD will be directed at state investment programs.

    With regard to 2010 credit programs, Varudakis said the Bank plans
    to implement 8 projects with a total cost of USD 160 million. "We
    expect WB board of directors to approve 8 programs to be ratified by
    Armenia's National Assembly," he said.
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