  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.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Czech-Armenian military cooperation discussed in Yerevan  A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |
