ARMENIA SET TO BENEFIT FROM WORLD BANK LOANS

Mediamax news agency
5 May 04

YEREVAN

Three new credit programs approved for Armenia by the World Bank board
of directors will be realized in four to five years, the head of the
World Bank’s office in Yerevan, Roger Robinson, said today. He said
that the World Bank’s board of directors made a decision to allocate
three credits to Armenia to the overall amount of 35m dollars, 23m of
which will be used for the municipal water and wastewater project;
10.15m dollars for the public sector modernization project and 1.75m
dollars for the agricultural reform support project.