YEREVAN, February 11. /ARKA/. Armenia’s Finance Minister Vache Gabrielyan and Head of World Bank Yerevan Office Jean-Michel Happi signed Monday a $45-million credit agreement.
The loan will be provided by the International Bank for Reconstruction and Development (IBRD) for rural roads restoration.

The loan will be given for 25 years with a ten-year grace period at six-month LIBOR plus spread.
Since 2009 the World Bank has injected $101.6 million for restoration of 433 km of rural roads in the framework of “Lifeline Road Network Improvement” project.

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The chairman of Armenia’s Central Bank, Arthur Javadyan, will be visiting Tokyo on October 8-12 to attend the annual meeting of the

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Unemployment rate in Armenia went 1.3% down in the first quarter of this year, compared with the same period a year earlier, to 16.5%, according to World Bank’s JobTrends study.

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President Serzh Sargsyan commends World Bank for expanding partner relations with Armenia

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The World Bank reviewed Armenia’s GDP indicator upgrading it to 4.5% from 4.2%

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World Bank to provide Armenia with a fresh $118 million worth credits

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The World Bank expects Armenia’s GDP to grow by 4.2% in 2012-2013, World Bank Country Manager for Armenia, Jean-Michel Happi, said.

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In a latest Global Economic Prospects 2012 report, the World Bank says Armenia’s economic expansion in the next two years is likely to slow down.

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WB Yerevan office announces essay competition for students of Armenian universities.

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World Bank will help Armenia to improve and strengthen its capacities to confront external shocks.

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