World Bank approves EUR 17.9 million loan for additional funding of SILD project in Armenia

14:51,

YEREVAN, MARCH 21, ARMENPRESS. The World Bank’s Board of Executive Directors approved the EUR 17.9 million loan for the Additional Financing of the Social Investment and Local Development (SILD) project in Armenia.

This project will further assist the Government of Armenia in improving the quality, access to, and use of community and intercommunity infrastructure and services, the World Bank said in a news release.

“The new project will directly benefit about 55 communities, of which 35 are in newly consolidated communities, mostly rural, enabling them to identify their own investment needs,” said Sylvie Bossoutrot, World Bank Country Manager for Armenia. “I am particularly pleased that this project will also seek to support income generating activities at the community level that could help open economic opportunities.”

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS