Bank Of Baku

World Bank to provide Armenia around 200 million dollars

World Bank to provide Armenia around 200 million dollars
# 22 June 2012 13:54 (UTC +04:00)
Baku – APA-Economics. World Bank in coming fiscal year since July 1st of this year till the end of June of next year will provide Armenia around 200 million US dollars, World Bank’s newly appointed regional director for South Caucasus Henry Kerali said during the press conference on June 21, APA reports citing Armenpress.

In his words that money will be directed to educational, healthcare, road-building spheres, tax reforms as well as small and medium enterprises. During the last twenty years World Bank has provided help to Armenia equivalent to 1.6 billion US dollars. Earlier Armenpress had informed that current regional director for South Caucasus Asad Alam expressed opinion that 7 percent economic growth is available. “The programs implemented by Armenia Government can serve as a basis for higher economic growth. 7 percent growth of economy is available but it will depend both on programs implemented by Armenian Government and global economic situation” said Alam.
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