World Bank promises Armenia another loan

World Bank Country Director for the South Caucasus Asad Alam has sent a letter to the Armenian Prime Minister Tigran Sargsyan, saying that the possibility of funding Armenia in 2011-2014 has been increased by $55 million, News.am reports.

World Bank's loan portfolio provided for Armenia for 2011-2014 will make about $305 million, which will be used to finance programs in the areas of water supply, irrigation, roads, health, education, agriculture, computerization of tax, customs and financial administration.