WB-funded credit programs in Armenia totaled USD 280 million in 2009
In 2009, World Bank-bank funded credit programs in Armenia totaled USD 280 million, according to Aristomene Varudakis, representative of WB Office in Yerevan. "Out of USD 550 million envisaged for separate programs, USD 280 million has been formulated," he told journalists Thursday.
At that, he noted that the 2009-12 Strategic Partnership Program envisages creditor means in the amount of $ 550 USD million, of which $ 450 USD will be directed at state investment programs.
With regard to 2010 credit programs, Varudakis said the Bank plans to implement 8 projects with a total cost of USD 160 million. "We expect WB board of directors to approve 8 programs to be ratified by Armenia's National Assembly," he said.
At that, he noted that the 2009-12 Strategic Partnership Program envisages creditor means in the amount of $ 550 USD million, of which $ 450 USD will be directed at state investment programs.
With regard to 2010 credit programs, Varudakis said the Bank plans to implement 8 projects with a total cost of USD 160 million. "We expect WB board of directors to approve 8 programs to be ratified by Armenia's National Assembly," he said.
