WB TO SUBSIDIZE $525 MILLION TO HELP ARMENIA MITIGATE FINANCIAL CRISIS IMPACT
PanARMENIAN.Net
23.02.2009 14:19 GMT+04:00
/PanARMENIAN.Net/ The World Bank intends to subsidize Armenia with
$525 million to help mitigate financial impact upon Armenia’s economy.
"The WB projects will be aimed at infrastructure formation and
education systems reforms," Armenian Prime Minister Tigran Sargsyan
said during Bridge 2009 International Economic Forum.
The PM also informed that the Asian Development Bank subsidized
Armenia with $30,6 million for rural road construction (including
Northern-Southern highway), as well as an additional credit of $17,3
million.
"The European Regional Development Fund will be in charge of crediting
small and middle businesses and private sector-oriented programs,"
Sargsyan said.