Monday, 14 June 2004

WORLD BANK ANNOUNCES NEW LOANS FOR ARMENIA

Published in News Digest

By empty (6/14/2004 issue of the CACI Analyst)

At a meeting in Washington on 11 June, the board of directors of the World Bank agreed on a new four-year \"country-assistance strategy\" for Armenia that aims to ensure that the impoverished rural population shares in the benefits from the country\'s ongoing \"strong economic performance,\" RFE/RL\'s Armenian Service reported on 12 June, quoting a statement released by the bank\'s Yerevan office. The new program comprises $220 million in additional credit to improve the business climate, promote better governance, improve public services, and create new jobs, plus three additional separate infrastructure loans totaling $31 million. (RFE/RL).
At a meeting in Washington on 11 June, the board of directors of the World Bank agreed on a new four-year \"country-assistance strategy\" for Armenia that aims to ensure that the impoverished rural population shares in the benefits from the country\'s ongoing \"strong economic performance,\" RFE/RL\'s Armenian Service reported on 12 June, quoting a statement released by the bank\'s Yerevan office. The new program comprises $220 million in additional credit to improve the business climate, promote better governance, improve public services, and create new jobs, plus three additional separate infrastructure loans totaling $31 million. (RFE/RL)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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