Credits of WB provide continuity of educational reforms in Armenia

YEREVAN, October 22. /ARKA/. Credits of World Bank will allow to provide continuity of educational reforms in Armenia during crisis”, said Armen Ashotyan, Minister of Education and Science of Armenia.

On Thursday five-year credit program of World Bank and Ministry of Education of Armenia “Quality of education and compliance” in the amount of $31.26 million is started. The program will focus on the systems of pre-school and higher education.

“The steps of new credit program will give opportunity to give students’ credits, opening of a number of pre-school institutions in 140 communities of Armenia”, said Ashotyan.

“Funding should become an incentive for higher institutions”, said Ashotyan. Though the program is concentrated on schools and higher education and reforms of general education system will continue. Credit of World Bank in the amount of $19 million for the first program.

“Quality of education and compliance” is envisaged for 2004-2008. The program consists of 4 components – improvement of the system of general education and assessment, introduction of new educational technologies at school, professional improvement of teachers and increase of efficiency of management of educational system. -0–

spot_img

POPULAR

Euro jumped 3.71 points against the Armenian dram: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, increased by 0.43 points on July 30, 2026, compared to July 29, to 366.63 drams.

Euro and ruble rose, while the dollar fell: Central Bank

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.43 points on July 31, 2026, compared to July 30, to 366.2 drams.

How much do Armenian banks transfer to the budget for every dram of profit? Armbanks ranking

In the first half of 2026, 17 commercial banks in Armenia transferred 116.16 billion drams in tax and customs payments to the state budget.

Moody’s Affirms Armenia’s Rating at Ba3 and Improves Outlook to Positive

The international rating agency Moody's Ratings has revised the outlook on Armenia's sovereign rating from stable to positive, affirming its long-term issuer ratings in both local and foreign currencies at Ba3.

World Bank does not see significant risks in Armenia’s public debt rising to 50% of GDP

Armenia's public debt could increase to approximately 50% of GDP by the end of 2026, but the World Bank does not view this level as a significant threat to the country's macroeconomic stability, said Armine Manukyan, Senior Economist at the World Bank.

LATEST NEWS

spot_imgspot_imgspot_img