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.