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Agreement Signed on Allocation of 3.1 Mln Dollar WB Grant to Armenia

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  • Agreement Signed on Allocation of 3.1 Mln Dollar WB Grant to Armenia

    AGREEMENT SIGNED ON ALLOCATION OF 3.1 MLN DOLLAR WB GRANT TO ARMENIA


    YEREVAN, APRIL 28, NOYAN TAPAN. The World Bank-managed Globar
    Partnership for Effective Assistance Fund has allocated a 3.1
    mln-dollar grant for the implementation of the city heating program in
    Armenia. The agreement on allocation of the indicated grant was signed
    by representatives of the World Bank and the RA Renewable Energy and
    Energy Saving Fund in Yerevan on April 28.

    Following the signing ceremony, the fund's director Tamara Babayan
    told reporters that the sum will be used to deal with heating problems
    of the Armenian vulnerable groups, particularly to purchase gas stoves
    and connect apartments to the gas network and the boiler system of a
    residential district. It is envisaged that the program will cover 8
    thousand families. To recap, out of 15 mln dollars provided by the WB
    for the program's implementation last year, 3 mln dollars was
    allocated for this purpose.
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