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WORLD BANK TO PROVIDE ANOTHER 35 MILLION DOLLARS TO ARMENIA
Noyan Tapan
http://www.nt.am/news.php?shownews=1012634
F eb 27, 2009
YEREVAN, FEBRUARY 27, NOYAN TAPAN. The World Bank announced that
the first assistance by a simplified system will be provided to
Armenia and Congo to help these countries overcome the consequences
of the global financial crisis. According to Radio Liberty, the WB
International Development Association (IDA) has allocated a loan of
35 million USD to Armenia and a loan of 100 million USD to Congo.
The World Bank has recently approved a package of 4 loans of a total
of 85 million USD for Armenia, as well as the Global Ecological Fund's
1.5 million dollar grant to be provided to the country.
The Armenian prime minister Tigran Sargsyan told Radio Liberty that the
Armenian government and the World Bank had reached an agreement on 525
million USD. "These programs will be aimed at forming infrastructures
and making reforms in the educational system, that is, our programs
with the World Bank are related to all sectors. I think that rapid and
efficient implementation of these programs will reduce the negative
impact of the global economic crisis on us," the prime minister said.
Noyan Tapan
http://www.nt.am/news.php?shownews=1012634
F eb 27, 2009
YEREVAN, FEBRUARY 27, NOYAN TAPAN. The World Bank announced that
the first assistance by a simplified system will be provided to
Armenia and Congo to help these countries overcome the consequences
of the global financial crisis. According to Radio Liberty, the WB
International Development Association (IDA) has allocated a loan of
35 million USD to Armenia and a loan of 100 million USD to Congo.
The World Bank has recently approved a package of 4 loans of a total
of 85 million USD for Armenia, as well as the Global Ecological Fund's
1.5 million dollar grant to be provided to the country.
The Armenian prime minister Tigran Sargsyan told Radio Liberty that the
Armenian government and the World Bank had reached an agreement on 525
million USD. "These programs will be aimed at forming infrastructures
and making reforms in the educational system, that is, our programs
with the World Bank are related to all sectors. I think that rapid and
efficient implementation of these programs will reduce the negative
impact of the global economic crisis on us," the prime minister said.