Armenian government approves signing of a $ 7.4 million loan  agreement with the International Bank for Reconstruction and  Development

ArmInfo.he Armenian government approved the signing of a loan agreement for additional financing for $ 7.4 million with the International Bank for  Reconstruction and Development within the framework of the disease  prevention and control program. This decision was made on January 21  at a regular meeting of the RA government.

According to the Minister of Health of Armenia Anahit Avanesyan,  these funds will be used to complete the construction of a medical  center in Martuni (Gegharkunik region) and modernize the medical  center in Vayotsdzor. "These centers are of strategic importance, and  their presence will affect the improvement of the quality and  availability of medical services in the regions of Armenia," she  said. At the same time, Avanesyan said that the construction work of  the medical center in Martuni is scheduled to be completed by early  2022, and the construction of the Vayots Dzor center will begin  immediately after the approval of the project, which is scheduled to  be completed in 2023.

In turn, Minister of Finance Atom Janjukhazyan added that as a result  of the approval of this agreement, the total volume of credit  obligations of the state will not be increased, which became possible  due to the revision of priorities for other credit programs. "This is  one of those ways that allows you to effectively use credit funds,"  he said.

Note that the International Bank for Reconstruction and Development  (IBRD) was established in 1944 and is an organization for global  development, owned by 189 member countries. As the largest  development bank in the world, IBRD supports the World Bank Group's  mission by providing loans, guarantees, risk management products and  advisory services to middle-income countries as well as the most  credit-worthy low-income countries. In addition, IBRD coordinates the  response to regional and global challenges.