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Credit Agreement Signed Between Armenia's Ministry Of Finance And Wo

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  • Credit Agreement Signed Between Armenia's Ministry Of Finance And Wo

    CREDIT AGREEMENT SIGNED BETWEEN ARMENIA'S MINISTRY OF FINANCE AND WORLD BANK YEREVAN OFFICE
    Hasmik Dilanyan

    "Radiolur"
    05.06.2009 14:49

    A new credit agreement was signed today between the Ministry of Finance
    of the Republic of Armenia and the World Bank Office in Yerevan. This
    time the $25 million will be allocated to the improvement of the
    sphere of education.

    Diretor of the World Bank Yerevan Office Aristomene Varoudakis highly
    appreciated the initiative of the Armenian Government to render
    support to the field of education even under the conditions of the
    global crisis.

    Finance Minister Tigran Davtyan informed reporters about the amount
    of external debt of Armenia. He said the external debt was normal
    and three were no grounds to worry.

    As for the $500 million Russia has promised, the Minister of Finance
    said it was expecte din Armenia next week.
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