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Armenia approves nearly €100 million World Bank loan to boost tourism

27 November 2025 17:27

The Armenian government has approved a World Bank loan project of €96.4 million aimed at developing the country’s tourism sector.

The loan agreement, signed in July, will be submitted to the parliament for ratification, Caliber.Az reports via Armenian media.

The total cost of the project is €120.5 million, including €96.4 million in loan funds and €24.1 million in co-financing from the Armenian government.

The program is scheduled to conclude by August 31, 2030.

Loan funds will be used to improve tourist areas and provide on-site retraining for professionals in the tourism industry.

By Jeyhun Aghazada

Caliber.Az

Read more about the key topics in this news story.

#TOURISM

#LOAN

#WORLD BANK

#ARMENIA

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