THE FIRST TRANCH OF THE SAK-4 CREDIT HAS BEEN RECEIVED

June 20, 2001 - 00:02 AMT
PanARMENIAN.Net - . The members of the Armenian parliament delegation returned yesterday from Washington, where they and the World Bank leaders negotiated. As a result of those negotiations the WB decided to give Armenia the first tranch of SAK-4 credit made for realization of structural reforms. Today Vardan Khachatryan, the minister of Finance and Economy has informed it at the press conference. The sum of the first tranch is $14333000. The total sum of the credit is $50 million. The World Bank conditions the payment of the second and third tranches with a number of terms, particularly with making private the energy distributing nets.
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