WB LIKELY TO ALLOCATE $29M TO ARMENIA IN 2010
NEWS.am
14:57 / 12/17/2009
The major WB’s programs are aimed at implementation of tax, customs,
and communication reforms, the Head of WB office in Yerevan Aristomene
Varoudakis said at the December 17 press conference.
He also underlined that Russian loan of $105m and $50m granted by WB
are intended for the private sector to enable Armenian businessmen to
overcome crisis consequences, NEWS.am correspondent reports. Another
$10m will be allotted to the capital building sector to complete the
construction of suspended projects.
Varoudakis stated that presently WB credit program in communication
sphere estimated at $29m is underway. According to him, the project
is likely to be signed in September 2010.