World Bank to Lend $35 Million to Armenia for Disease Prevention

The World Bank’s Board of Executive Directors has approved $35 million credit for the Disease Prevention and Control Project in Armenia, the World Bank’s Yerevan office said.

This credit “will be provided on standard blend IDA terms at a fixed interest rate of 1.25% per annum with a maturity of 25 years and five year grace period,” the press release said.

“Total financing of the project is $45 million, of which the Government of Armenia will provide $8.2 million. Health Results Innovation Fund will contribute grant funding in the amount of $1.8 million.”

The World Bank said that the project will support the Government of Armenia in improving maternal and child health services, and the prevention, early detection, and management of selected non=communicable diseases at the primary health care level, as well as the efficiency and quality of selected hospitals in Armenia.

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