ARMENIA AND WORLD BANK SIGNED CREDIT AGREEMENT ON POVERTY RATE REDUCTION

The Armenian government and the World Bank have signed agreement on implementation of «Natural recourse management and poverty rate reduction» program. The program size is $ 16 mln. According to the economy and finance minister of Armenia Varian Khachatrian, the credit means will be aimed at managing water resources, recovery of forestry, implementation of institutional reforms in the spheres of ecology and reserve management. The credit is given for 40 years.