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WORLD BANK TO REVIEW AND APPROVE NEW LOAN PROGRAM FOR ARMENIA

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.

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