WB-FUNDED CREDIT PROGRAMS IN ARMENIA TOTALED USD 280 MILLION IN 2009

/PanARMENIAN.Net/
17.12.2009 17:35 GMT+04:00

/PanARMENIAN.Net/ In 2009, World Bank-bank funded credit programs in
Armenia totaled USD 280 million, according to Aristomene Varudakis,
representative of WB Office in Yerevan. "Out of USD 550 million
envisaged for separate programs, USD 280 million has been formulated,"
he told journalists Thursday.

At that, he noted that the 2009-12 Strategic Partnership Program
envisages creditor means in the amount of $ 550 USD million, of which $
450 USD will be directed at state investment programs.

With regard to 2010 credit programs, Varudakis said the Bank plans
to implement 8 projects with a total cost of USD 160 million. "We
expect WB board of directors to approve 8 programs to be ratified by
Armenia’s National Assembly," he said.