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WB to allocate $50M to Armenia

WB to allocate $50M to Armenia

Date: 10 December 2015 16:47

The World Bank has decided to allocate a $50 million worth loan to Armenia, Armenia Today reported.

The loans will be allocated to support a wide range of reforms to enhance the fiscal, social and environmental stability in Armenia and increase the competitiveness of local products, representative office of the World Bank in the country said.

It is the third loan allocated to Armenia by the WB to assist in creating jobs which is the main challenge for the country.

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