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YEREVAN. – Armenia will get $75 million loan from the World Bank as budget support to a wide range of reforms.

The agreement was ratified during the Thursday meeting of the government. The Second Development Policy Operation for Armenia is at the ratification stage. 

The Second DPO in the total amount of US$ 75 million is an IBRD flexible loan with variable spread and with a 14.5-year grace period and repayment of over 25 years.

The explanation to the loan agreement says Armenia has carried out reforms in public administration, including simplification of procedure of customs declarations and expanded support in healthcare sector.

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