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WORLD BANK ISSUES $25 MILLION EDUCATION CREDIT TO ARMENIA
http://hetq.am/en/finances/10903/
2009/06 /05 | 16:37
Finances
A new $25 million credit agreement was signed today between the RoA
Ministry of Finance and the World Bank Office in Yerevan. The loan
will be allocated to improving the educational sector in Armenia.
Director of the World Bank Yerevan Office Aristomene Varoudakis praised
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 told gathered reporters that the
external debt of Armenia was at normal levels and there were no
grounds for concern.
The finance minister said that the $500 million allocated by Russia
was expected to reach Armenia next week.
http://hetq.am/en/finances/10903/
2009/06 /05 | 16:37
Finances
A new $25 million credit agreement was signed today between the RoA
Ministry of Finance and the World Bank Office in Yerevan. The loan
will be allocated to improving the educational sector in Armenia.
Director of the World Bank Yerevan Office Aristomene Varoudakis praised
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 told gathered reporters that the
external debt of Armenia was at normal levels and there were no
grounds for concern.
The finance minister said that the $500 million allocated by Russia
was expected to reach Armenia next week.