WASHINGTON, April 27, 2016 - The World Bank’s Board of Executive Directors today approved the following projects:
Armenia – Power Sector Financial Recovery Program-For-Results
IBRD Loan: $30 million equivalent
Terms: Maturity = 25 years, Grace = 14.5 years
Project ID: P157571
Project Description: The objective of the project is to support the Government's efforts to maintain adequate and reliable electricity supply through improvement of the financial standing and governance of the state owned power generation companies and the private power distribution company.