YEREVAN. – Armenia will get nearly $15 million from the World Bank within education improvement project.
The draft of a $14.9-million loan agreement was approved by the government on Thursday.
The World Bank will provide a credit on standard blend IDA terms at a fixed interest rate of 1.25% per annum.
The project will support the improvement of school readiness for children entering primary education and the physical conditions in upper-secondary schools. It will also promote greater links between higher education institutions and labor market in Armenia.