World Bank helps Armenia support its poor
WASHINGTON, D.C. – The World Bank Board of Executive Directors on Wednesday approved a package designed to help Armenia protect the poor and support greater human capital development, and also strengthen competitiveness and private sector development, the bank reported.
The Second Development Policy Operation (DPO) for Armenia, a loan of US$ 25 million, is the second in a series of three operations designed to support the Government of Armenia in meeting its strategic objectives.
This operation supports the protection of pro-poor spending in the state budget; the targeting of social safety net programs; increased access to pre-school programs in poor communities; and improved efficiency of health services delivery through the introduction of performance-based contracting for treatment of non-communicable diseases.
To enhance Armenia’s competitiveness and raise its growth potential, this Operation helps strengthen the competition framework and implement a new Mining Code adhering to international best practice for fiscal, environmental, social, and licensing standards.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!