EN
27 May 2011 - 08:55 AMT

WB to decide soon on allocation of $200mln to Armenia

Jean-Michel Happi, World Bank Country Manager for Armenia, said WB and Armenia’s government have reached a preliminary agreement on a range of programs, with their financing to total $200mln during two fiscal years.

The final decision on the matter will be adopted within a couple of months, while the envisaged credit funds will be allocated until July 2013, Happi told a press conference in Yerevan on May 27.