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Armenian education set to benefit from World Bank loan

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  • Armenian education set to benefit from World Bank loan

    Armenian education set to benefit from World Bank loan

    Mediamax news agency
    24 Mar 04

    YEREVAN

    The World Bank (WB) will allocate a credit to the amount of 19m
    dollars to Armenia under the education level program.

    An appropriate agreement was signed by Armenian Minister of Finance
    and Economy Vardan Khachatryan and the director of the WB office in
    Yerevan, Roger J Robinson, in Yerevan today, Mediamax reported.

    Roger Robinson noted that this is the WB's second educational program
    in Armenia. He pointed out that the WB special commission highly
    assessed the first educational project realized in Armenia. According
    to Robinson, the WB will allocate about 52m dollars for the
    development of education in Armenia in the coming 10 years.

    Armenian Minister of Finance and Economy Vardan Khachatryan said that
    information training centres will be set up in 600 schools within the
    framework of the agreement signed today. Besides, it is expected to
    unite 150 schools in a single computer network.

    The financing of the program from the Armenian side will make 1.2m
    dollars.
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