The World Bank today reaffirmed its continuing commitment going into 2015.

“In the first half of 2015, we forecast a higher level of disbursement each month, averaging US$5 million per month at first, and growing steadily as five new projects approved in 2014 begin working and generating visible results for Armenian families,” says Laura E. Bailey, World Bank Country Manager for Armenia. She adds that next week the large disbursement of US$75 million for the World Bank’s development policy loan will be released to the Armenian government.

“The World Bank will not waver in its support for policies and investments that support economic growth and sustainability in the medium- and long-term,” says Ms. Bailey.

“The World Bank remains fully committed to helping the country as it adjusts to the volatile regional and global economic developments and builds a stronger economy that creates jobs, which is Armenia’s long-term development challenge,” the press release disseminated by the World Bank reads.

Over 2014, the World Bank has disbursed more than US$40 million through implementation of the Bank’s ongoing sectoral projects.