Armenia expects to receive additional resources from World Bank

Armenia expects to receive additional resources from World Bank

2009-05-23 14:24:00

ArmInfo. Armenia expects to receive additional financial resources from
the World Bank, Armenian Prime Minister Tigran Sargsyan told
journalists on board the plane when returning from the sitting of the
Council of CIS prime ministers held in Astana, Friday.

According to him, Armenia may receive the additional funds in case it
ensures active rates in implementation of the projects within the
frames of the $545 mln loan provided by WB.

"We are interested in implementation of these projects at more active
rates",- Tigran Sargsyan stressed. He added that Armenia will shortly
form a large investment package with the Asian Development Bank (ADB)
to build the North-South motor highway, rural roads, credit small and
medium business. "In general, due to resources from ADB, WB, and
Russian stabilization loan, a large package will be ensured which will
considerably dampen the negative impact of the crisis", – the prime
minister said.