ArmenPress
Feb 25 2005

WORLD BANK TO CONSIDER NEW LOAN PROGRAM TO ARMENIA

YEREVAN, FEBRUARY 25, ARMENPRESS: A team of experts from World
Bank program for evaluation of rural communities development is in
Armenia. World Bank Resident Representative Roger Robinson said today
the program is very important for Armenia, as many of its remote
rural areas need strong support.
He said a credit program that is expected to be sent to World Bank
Board of Directors in July, will try to find new resources to help
population of both rural settlements and small towns to increase
their incomes. The new program will provide farmers with a broader
range of assistance and consulting and will also make available
short-and-long-term loans. The programs’ budget is approximately $20
million.

From: Emil Lazarian | Ararat NewsPress