WORLD BANK APPROVES $9 MILLION LOAN FOR ARMENIA
Tert.am
16:18 ~U 17.03.10
The World Bank’s Board of Executive Directors today approved a loan to
Armenia worth $9 million USD for a period of 25 years with a 10-year
grace period.
The loan was approved specifically for a project known as the
Second Public Sector Modernization Project for Armenia, which,
according to the World Bank’s official website, "aims to support the
Government of Armenia in its efforts to enhance performance of public
sector management for better service delivery by: a) strengthening
institutional capacity in policy formulation; (b) maximizing the
efficiency of human resources; and (c) developing information systems
for internal work flow and external communication."