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Armenia Set to Benefit from World Bank Loans

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  • Armenia Set to Benefit from World Bank Loans

    ARMENIA SET TO BENEFIT FROM WORLD BANK LOANS

    Mediamax news agency
    5 May 04

    YEREVAN

    Three new credit programs approved for Armenia by the World Bank board
    of directors will be realized in four to five years, the head of the
    World Bank's office in Yerevan, Roger Robinson, said today. He said
    that the World Bank's board of directors made a decision to allocate
    three credits to Armenia to the overall amount of 35m dollars, 23m of
    which will be used for the municipal water and wastewater project;
    10.15m dollars for the public sector modernization project and 1.75m
    dollars for the agricultural reform support project.
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