WORLD BANK TO ASSIST ARMENIA IN PERFECTION OF STATE SECTOR AND HEALTH PROTECTION SYSTEM

The Armenian government and the World Bank (WB) concluded three credit agreements today. As Armenian Minister of Finance and Economy Vardan Khachatrian, who has signed the agreements, told journalists, the WB is to allocate $10,15 million for the perfection of the state sector, $19 million for the development of the public health service and 5,15 million for the project of social regulation. Besides, the Ministry of Health Protection will receive a $1 250 000 grant. In Vardan Khachatrian’s words, one more agreement connected with the security of dams was to be signed today, however, due to some technical reasons the signing of the agreement has been postponed. The credits will be provided for a three-year term.