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Armenia: Third Poverty Reduction Support Credit

March 8, 2007

IDA CREDIT: US$28 million
TERMS: Grace Period= 10 years; Maturity Period= 20 years
PROJECT DESCRIPTION: This is the third project under a four-year World Bank program that will assist the government with the implementation of its Poverty Reduction Strategy Program (PRSP). The credit will help sustain the country’s economic growth and poverty reduction efforts by providing budget support and moving ahead with the high priority reform agenda identified by the PRSP.

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