WORLD BANK TO REVIEW AND APPROVE NEW LOAN PROGRAM FOR ARMENIA
ArmenPress
June 10 2004
YEREVAN, JUNE 10, ARMENPRESS: The World Bank Board of Directors
is set to review and approve today a four year loan program for
assisting Armenia. WB Resident Representative Rodger Robinson is
to represent Armenia at the meeting. Armenian finance and economy
minister Vartan Khachatrian said earlier that the government expects
to receive around $200 million from World Bank in the four years to
come for implementation of strategic projects.
Vigen Sarkisian, a spokesman for World Bank Yerevan office, said
three additional projects, related to health, social security and
dam reinforcement, worth $30 million, will be also submitted to the
Board of Directors’ consideration.
World Bank has made available a total of $788 million to Armenia
for implementation of 33 projects since 1992, when Armenia joined
this organization.