85 MILLION DOLLARS ALLOTTED TO ARMENIA

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[03:38 pm] 25 February, 2009

The World Bank has approved a package of four operations, for a total
amount of $85 million, to help Armenia mitigate the impacts of the
global economic crisis.

The Bank’s ability to provide this support in a timely manner has
been made possible by Armenia’s strong foundation of implementation
capacity and policy reform momentum, Head of the World Bank Yerevan
Office Aristomene Varudakis told reporters today.