ARMENIA TO BORROW $30 MLN IN 2010 FOR TELECOM NETWORK DEVT
Prime-Tass English-language Business Newswire
September 3, 2009 Thursday 6:53 PM EET
Russia
Armenia plans to take out a U.S. $30 million loan in 2010 from the
World Bank to develop the country’s main communications network,
Vache Kirakosyan, head of the information and high technologies
department at Armenia’s Ministry of Economy, said Thursday.
Armenia and the World Bank are currently in talks over the terms of
the loan.
The loan is the second stage of Armenia’s program for the development
of telecommunications technology in the country, Kirakosyan said. The
World Bank has already financed a $1 million research project in
the field of IT and telecommunications necessary to develop the main
communications network, he said.