Yerevan /Mediamax/. World Bank (WB) closely cooperates with the Armenian government to overcome the influence of the global financial crisis.

Mediamax reports that the Head of WB Yerevan Office Aristomene Varoudakis said this at a news conference in Yerevan today.

He noted that in January-February, the bank will allocate the first tranche of the loan, meant for crediting small and medium enterprise in Armenia.

Mediamax recalls that on November 18, during the meeting with WB representatives in Yerevan, Armenian Prime Minister Tigran Sargsian urged to accelerate the process of allocating $250mln for small and medium enterprise in Armenia.

The agreement on allocating the loan was reached during the recent visit of the Armenian Prime Minister to Washington.