WORLD BANK TO CONSIDER NEW LOAN PROGRAM TO ARMENIA

YEREVAN, FEBRUARY 25, ARMENPRESS: A team of experts from World Bank program for evaluation of rural communities development is in Armenia. World Bank Resident Representative Roger Robinson said today the program is very important for Armenia, as many of its remote rural areas need strong support.
He said a credit program that is expected to be sent to World Bank Board of Directors in July, will try to find new resources to help population of both rural settlements and small towns to increase their incomes. The new program will provide farmers with a broader range of assistance and consulting and will also make available short-and-long-term loans. The programs’ budget is approximately $20 million.