WB APPROVES NEW LOANS FOR GEORGIA, ARMENIA

ITAR-TASS
Oct 31 2008
Russia

WASHINGTON, October 31 (Itar-Tass) — The World Bank approved new loans
worth 20 million dollars each for Georgia and Armenia on Thursday.

In Georgia the money will go to upgrade the East-West highway from
Tbilisi to Rikoti and promote road safety, while in Armenia the loan is
intended for additional financing of the Municipal Water and Wastewater
Project to rehabilitate and improve water system, the bank said.