  WB-funded credit programs in Armenia totaled USD 280 million in 2009December 17, 2009 - 17:35 AMT PanARMENIAN.Net - 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.   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 |  Related sections Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
