World Bank To Grant $39 Million Loan To Armenia

WORLD BANK TO GRANT $39 MILLION LOAN TO ARMENIA

news.am
May 27 2011
Armenia

The World Bank approved a package for Armenia on May 26. A loan of
U.S. $ 39 will be used for upgrading the transmission network in
the country.

The same day the WB decided to grant EUR 0.5 billion to Romania,
ITAR-TASS reports. The aim of the project is modernization of social
support to the most vulnerable strata in the country.

From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2011/05/28/world-bank-to-grant-39-million-loan-to-armenia/

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