WASHINGTON, January 11, 2011 - The World Bank’s Board of Executive Directors today approved the following project: IBRD Loan: US$4 million Terms: Maturity = 25 years;   Grace = 10 years IDA Credit: US$21 Million equivalent Terms: Maturity = 20 years;  Grace = 10 years Project ID:  P116451  Project Description: The Second Development Policy Operation (DPO2) for Armenia aims to support the Government of Armenia meet two strategic objectives: (i) addressing vulnerability by protecting the poor and supporting greater human capital development; and (ii) strengthening competitiveness for sustained post-crisis growth.  Contact: Jonathan Daly (202) 473-2588 jdaly1@worldbank.org  For more project information, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P116451  |