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WB to consider new loan program to Armenia

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  • WB to consider new loan program to Armenia

    ArmenPress
    Feb 25 2005

    WORLD BANK TO CONSIDER NEW LOAN PROGRAM TO ARMENIA

    YEREVAN, FEBRUARY 25, ARMENPRESS: A team of experts from World
    Bank program for evaluation of rural communities development is in
    Armenia. World Bank Resident Representative Roger Robinson said today
    the program is very important for Armenia, as many of its remote
    rural areas need strong support.
    He said a credit program that is expected to be sent to World Bank
    Board of Directors in July, will try to find new resources to help
    population of both rural settlements and small towns to increase
    their incomes. The new program will provide farmers with a broader
    range of assistance and consulting and will also make available
    short-and-long-term loans. The programs' budget is approximately $20
    million.

    From: Emil Lazarian | Ararat NewsPress
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