YEREVAN, August 22. /ARKA/. Armenia’s government has approved the loan agreements signed with the International Development Association and the International Bank for Reconstruction and Development for modernization of the education system.
On May 23, Armenian signed two agreements of the total cost of $51.2 million with the World Bank to implement educational and social projects.
Under the education improvement program, Armenia will receive $30 million as a loan, of which $15 million from the International Bank for Reconstruction and Development the second half equivalent to SDR 9.8 million from International Development Agency.
Armenian Education and Science Minister Armen Ashotyan said the two credit projects are being implemented as part of the government’s 2014-2019 program aimed at upgrading the education provided by elementary and high schools as well as universities.
Ashotyan said that special attention will be paid to modernization of high schools in provinces.
He said 17 to 20 million drams are planned to be earmarked for repair of high schools.
The Armenian government will provide 20% of the project’s cost. ($1 – AMD 407.79). -0—–
