At a sitting held in the World Bank (WB) headquarters in Washington today the WB Board of Directors will consider the matter of providing a credit of $19 million to Armenia for holding a reform of the secondary and higher education system. As reported by the WB Yerevan office, the Bank intends to begin realization of five new credit programs in Armenia of a total cost of $70-75 million. The WB Board of Directors is expected to approve of these programs in the initial half of the year 2004. Within the period of cooperation with Armenia since 1992 the World Bank has funded 30 programs totaling $737 million.
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