World Bank to allocate $50 million to Armenia

World Bank to allocate $50 million to Armenia

Armenia will receive a third loan from the World Bank amounting to $50 million, the press service of the bank said.

It is expected that the money will be spent on supporting a wide range of reforms promoting fiscal, social and environmental sustainability in the country. In addition, the measures are intended to strengthen the competitiveness of local products, Trend reports.

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