Tweet
WORLD BANK TO PROVIDE $200 MILLION TO ARMENIA AS ADDITIONAL FINANCIAL ASSISTANCE FOR POST-CRISIS RECOVERY
/ ARKA /
July 7, 2011
YEREVAN
YEREVAN, July 7. /ARKA/. The World Bank will provide more than
$200 million to Armenia as additional financial assistance for
post-crisis recovery and solution of low-income families' problems
in 2012 and 2013, Jean-Michel Happi, head of the WB Yerevan Office,
told journalists on Thursday.
He said that this money would be lent on preferential conditions
via International Development Agency and International Bank for
Reconstruction and Development.
Happi said that these financial resources would be targeted for
improvement of tax and customs services, management of economic growth,
enhancement of tax administration effectiveness and promotion of
investments in agriculture.
These funds are also intended for rehabilitation of rural roads,
irrigation infrastructures and drinking water facilities as well as
for implementation of healthcare and education programs.
The World Bank has lent $1.318 billion to Armenia since it started
cooperating with the country in 1992.
These financial resources have been targeted for 70 programs, of
which 52 are already completed, and implementation of the remaining
18 is under way now.
/ ARKA /
July 7, 2011
YEREVAN
YEREVAN, July 7. /ARKA/. The World Bank will provide more than
$200 million to Armenia as additional financial assistance for
post-crisis recovery and solution of low-income families' problems
in 2012 and 2013, Jean-Michel Happi, head of the WB Yerevan Office,
told journalists on Thursday.
He said that this money would be lent on preferential conditions
via International Development Agency and International Bank for
Reconstruction and Development.
Happi said that these financial resources would be targeted for
improvement of tax and customs services, management of economic growth,
enhancement of tax administration effectiveness and promotion of
investments in agriculture.
These funds are also intended for rehabilitation of rural roads,
irrigation infrastructures and drinking water facilities as well as
for implementation of healthcare and education programs.
The World Bank has lent $1.318 billion to Armenia since it started
cooperating with the country in 1992.
These financial resources have been targeted for 70 programs, of
which 52 are already completed, and implementation of the remaining
18 is under way now.