  IBRD to allocate USD 45 million loan to Armenia February 11, 2013 - 18:13 AMT PanARMENIAN.Net - On Feb 11, Minister of Finance Vache Gabrielyan and World Bank Country Manager for Armenia Jean-Michel Happi inked a loan agreement on “lifeline road network improvement”. According to the ministry’s press service, International Bank for Reconstruction and Development (IBRD) will allocate USD 45 million loan to Armenia for 25-year time period as part of the project. The initiative aims to enhance access to market and rural community services, boosting Armenia’s transport and communication ministry’s control of lifeline road network. The project to run until June 30, 2017 envisages improvement of 147 km road network. Partner news  Top stories “It’s a pity that instead of operating flights, airplanes with Armenian flags stand idle under the sun,” Ghazaryan said. The issue was discussed by Gazprom chief Alexey Miller and Armenian Minister of Energy and Natural Resources Armen Movsisyan. On Feb 23, 2012, Yerevan Jur CJSC issued application for decreasing water prices from current AMD 174,059 to AMD 166,044 per cubic meter. Finance Minister David Sargsyan met with the regional director of KfW German Development Bank Lars Oermann.   Partner news |  Latest news UN says Israel uses Palestinian children as human shields  Israeli soldiers had used Palestinian children to enter potentially dangerous buildings before them, the report says.Lavrov links nuclear cuts to missile defense Sergei Lavrov also said the U.S. review of its missile defense program for Europe does not address Russia’s concerns.7 injured as Beckham fans storm police cordon in Shanghai David Beckham is in China this week on a seven-day promotional tour for the Chinese Super League, China's top league.Somalia's Islamists threaten to keep attacking ‘disbelievers’ "Our aim is to expel the disbelievers from Muslim lands," Sheikh Abdiasis Abu Musab, al Shabaab's spokesman said. |
