EN
20 July 2001 - 17:31 AMT

THE WORLD BANK WILL GRANT ARMENIA THE SECOND TRANSFER OF THE SAK-4 CREDIT IN FALL OF THIS YEAR

The World Bank will grant Armenia the second transfer of the SAC-4 credit, with the sum $15 million in fall of the current year. The World Bank vice-president for Europe and Central Asia Johannes Linn has stated that at the press conference in Yerevan. He has also stated if the Karabakh conflict is settled, the World Bank is ready to assist the region countries and it will participate in the reconstruction of the destroyed regions. Among the most perspective spheres of possible regional cooperation Linn has pointed out the spheres of the transport, trade and telecommunication.