Armenian education set to benefit from World Bank loan

Mediamax news agency
24 Mar 04

YEREVAN

The World Bank (WB) will allocate a credit to the amount of 19m
dollars to Armenia under the education level program.

An appropriate agreement was signed by Armenian Minister of Finance
and Economy Vardan Khachatryan and the director of the WB office in
Yerevan, Roger J Robinson, in Yerevan today, Mediamax reported.

Roger Robinson noted that this is the WB’s second educational program
in Armenia. He pointed out that the WB special commission highly
assessed the first educational project realized in Armenia. According
to Robinson, the WB will allocate about 52m dollars for the
development of education in Armenia in the coming 10 years.

Armenian Minister of Finance and Economy Vardan Khachatryan said that
information training centres will be set up in 600 schools within the
framework of the agreement signed today. Besides, it is expected to
unite 150 schools in a single computer network.

The financing of the program from the Armenian side will make 1.2m
dollars.