May 5, 2004 - 18:36 AMT
ARMENIA TO RECEIVE WORLD BANK'S NEW CREDITS
The World Bank (WB) Committee of Directors took a decision to give Armenia 3 credits totaling $32 million. The first credit amounting in $10,1 is provided for the modernization of the state management system. The second $20 million one will be spent on the improvement of the Armenian water-supply system. The third $1,7 million credit will be expended for reformations in the agricultural area.