The World Bank’s (WB) Board of Executive Directors approved a Development Policy Operation (DPO) in the amount of $116 million equivalent for Armenia to enable reforms aimed at promoting green, resilient and inclusive development, Armenian News- NEWS.am has learned from the WB website.

The DPO includes loan financing from the International Bank for Reconstruction and Development (IBRD) in the amount of 92.3 million euros ($100 million equivalent), and a grant from the Global Concessional Financing Facility (GCFF) in the amount of $16 million.