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WORLD BANK PROMISES ARMENIA ANOTHER $55 MILLION
news.am
Aug 18, 2011
Armenia
YEREVAN.- World Bank Country Director for the South Caucasus Asad Alam
has sent a letter to the Armenian Prime Minister Tigran Sargsyan,
saying that the possibility of funding Armenia in the coming years
(2011-2014) has been increased by $55 million.
During the Thursday government's session Sargsyan said it is explained
by a quality of Armenia's loan portfolio, as well as high level
of management.
Prime Minister expressed gratitude to the WB office in Armenia
and personally Asad Alam and instructed the ministers to draw up a
timetable with a view to spending sources and match it with the WB
representatives. According to the Armenian PM, the schedule should
be drafted so that it will be possible to spend funds from next May.
World Bank's loan portfolio provided for Armenia for 2011-2014 will
make about $305 million, which will be used to finance programs in
the areas of water supply, irrigation, roads, health, education,
agriculture, computerization of tax, customs and financial
administration.
news.am
Aug 18, 2011
Armenia
YEREVAN.- World Bank Country Director for the South Caucasus Asad Alam
has sent a letter to the Armenian Prime Minister Tigran Sargsyan,
saying that the possibility of funding Armenia in the coming years
(2011-2014) has been increased by $55 million.
During the Thursday government's session Sargsyan said it is explained
by a quality of Armenia's loan portfolio, as well as high level
of management.
Prime Minister expressed gratitude to the WB office in Armenia
and personally Asad Alam and instructed the ministers to draw up a
timetable with a view to spending sources and match it with the WB
representatives. According to the Armenian PM, the schedule should
be drafted so that it will be possible to spend funds from next May.
World Bank's loan portfolio provided for Armenia for 2011-2014 will
make about $305 million, which will be used to finance programs in
the areas of water supply, irrigation, roads, health, education,
agriculture, computerization of tax, customs and financial
administration.