$200 Million to be Provided to Armenia by World Bank

YEREVAN – World Bank will provide Armenia around $200 million between July 2012 and July 2013, said World Bank’s newly appointed regional director for South Caucasus Henry Kerali during the press conference on June 21. The money will be directed to educational, healthcare, road building spheres, tax reforms as well as small and medium enterprises.

During the last twenty years, World Bank has provided help to Armenia equivalent to $1.6 billion.

The current regional director for South Caucasus Asad Alam expressed opinion that 7% economic growth is available. “The programs implemented by Armenia Government can serve as a basis for higher economic growth. 7% growth of economy is available but it will depend both on programs implemented by Armenian Government and global economic situation” said Alam.

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