Armenia may receive $150 million from the World Bank, Armenian Prime Minister Serzh Sargsyan said, News Armenia reports.
Armenia has improved its position by 6 points in the Doing Business rating, taking the 55th position in the list.
Armenia joined the WB in 1992 and the World Development Association in 1993. It has received $1.6 billion.
The prime minister said that the IMF concluded monitoring of programs for expanded financing and crediting. The IMF will provide Armenia with a tranche of $56 million by late May for the Extended Fund Facility (EFF) and the Extended Credit Facility (ECF). The IMF will provide a total of $279 million.
Sargsyan said that the Asian Development Bank has given Armenia $500 million for the North-South Road construction.
