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Monday, 14 June 2004
WORLD BANK ANNOUNCES NEW LOANS FOR ARMENIA
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)