WORLD BANK APPROVES LOANS FOR SOCIAL INFRASTRUCTURE IN ARMENIA

EastDay.com
March 18 2015

2015/3/18 11:15:13

YEREVAN, March 17 (Xinhua) — The World Bank decided on Tuesday to
grant a loan worth 30 million U.S. dollars for the development of
social infrastructure in Armenia.

The loan will be spent on constructing new schools and kindergartens
and developing social service in 150 most vulnerable communities across
the country, the World Bank’s Yerevan office said in a press release.

It is estimated that the loan will assist in creating 300 permanent
and 1,100 temporary jobs in rural and suburban communities, said
Laura Bailey, World Bank’s Country Manager for Armenia.