A1 Plus | 15:21:35 | 05-05-2004 | Economy |

WORLD BANK TO ARMENIA

On Tuesday, World Bank approved three credit projects on Armenia.

Under the first of them, Armenia’s State Sector Modernization program, the
WB allocates 10 million 150 thousand USD.

The WB offers another $23 million for water-supply needs. The credit will
make water supply in Armenian provinces more effective, but drinking water
problem will remain unsolved for at least four years, says the head of WB
Yerevan office Roger Robinson.

The Bank has also pledged 1 million 74 thousand USD for Armenian Agriculture
Reform program implementation.

Total amount of the money the World Bank has already credited to Armenia
makes 789 million 9 thousand USD.