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World Bank Approves Loans For Social Infrastructure In Armenia

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  • World Bank Approves Loans For Social Infrastructure In Armenia

    WORLD BANK APPROVES LOANS FOR SOCIAL INFRASTRUCTURE IN ARMENIA

    EastDay.com
    March 18 2015

    2015/3/18 11:15:13

    YEREVAN, March 17 (Xinhua) -- The World Bank decided on Tuesday to
    grant a loan worth 30 million U.S. dollars for the development of
    social infrastructure in Armenia.

    The loan will be spent on constructing new schools and kindergartens
    and developing social service in 150 most vulnerable communities across
    the country, the World Bank's Yerevan office said in a press release.

    It is estimated that the loan will assist in creating 300 permanent
    and 1,100 temporary jobs in rural and suburban communities, said
    Laura Bailey, World Bank's Country Manager for Armenia.

    http://english.eastday.com/auto/eastday/business/u1ai8480188.html

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