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World Bank Extends 68m Dollars In Loans To Armenia

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  • World Bank Extends 68m Dollars In Loans To Armenia

    WORLD BANK EXTENDS 68M DOLLARS IN LOANS TO ARMENIA

    Mediamax
    Jan 26 2011
    Armenia

    Yerevan, 26 January: Head of Yerevan representative office of World
    Bank (WB) Jean-Michel Happi and Armenian Minister of Finance Vache
    Gabrielyan signed three loan agreements totaling 68m dollars in
    Yerevan today.

    Mediamax was informed in the press service of the Ministry of Finance
    that WB allocates 25m dollars to Armenia within the framework of
    "Second Development Policy Program", 24m dollars for "E-Community and
    Competitiveness Innovation Program" and 19m dollars for additional
    financing of healthcare system modernization program.

    The first loan aims at poverty reduction and economy stimulation, the
    second one at establishment of auspicious environment for e-community
    formation in Armenia though providing for basic infrastructures,
    the third one at increase of healthcare system management efficiency
    and increase of affordability and quality of medical services in
    the regions.




    From: A. Papazian
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