YEREVAN, February 23. /ARKA/. The World Bank will provide Armenia with a $55 million loan for infrastructure development, the Armenian Ministry of Finance said today.

It said a corresponding loan agreement was signed by Armenian Minister of Finance Gagik Khachatryan and World Bank Regional Director for the South Caucasus Mercy Tembon. It said also the maturity of the loan is 25 years. The grace period is 14.5 years.

The Local Economy and Infrastructure Development Program loan agreement signed with the International Bank for Reconstruction and Development (IBRD) is designed to help improve infrastructure and institutional capacities to boost tourism in Armenia's Ararat, Vayots Dzor and Lori provinces. -0-

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The Armenian national currency, the dram, has been demonstrating a relative stability compared with its regional neighbors’ currencies, Laura E. Bailey, the World Bank’s Country Manager for Armenia, told a news conference today. She said she even wrote about the dram in her page in Twitter

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The World Bank Board of Executive Directors approved today a US$50 million loan for the Third Development Policy Financing (DPF-3) for Armenia to support a wide range of reforms promoting fiscal, social and environmental sustainability and strengthening competitiveness, the press office of the World Bank reports

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Executive directors of the World Bank approved today the $52 million loan for the Electricity Transmission Network Improvement Project (ETNIP) for Armenia, the WB website reports

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The WB Board of Executive Directors a $30 million loan for Social Investment and Local Development (SILD) project in Armenia, WB Country manager for Armenia Laura Bailey told reporters on Monday

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The World Bank disbursed today the full amount of the US$75 million Second Development Policy Operation (DPO) for Armenia to support a wide range of critical reforms under implementation by the Government of Armenia

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Armenia’s national debt is below high risk level, head of the World Bank Armenian office Laura E. Bailey told a press conference on Thursday

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The World Bank (WB) Board of Executive Directors approved November 12 a US$75 million loan for the Second Development Policy Operation (DPO) for Armenia to support a wide range of reforms in the business environment, finance, civil service

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Laura E. Bailey, the World Bank’s Country Manager for Armenia since September 1, 2014 met today with Deputy Prime Minister Armen Gevorgyan, who serves also as territorial minister, promising to bring to Armenia World Bank’s best experience and help expand cooperation between Armenia and the World Bank

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Armenian Finance Minister Gagik Khachatryan and World Bank’s Country Manager for Armenia Jean-Michel Happi signed a $122.67-million agreement on financing three programs

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