Armenia became the first republic of the Caucasus to receive a loan from the World Bank forward February 1. The International unravelling Association (IDA), an affiliate of the World Bank, approved a credit of SDR 20 1 million ($28 million) to help Armenia cure from the 1988 earthquake. The credit is at the standard IDA metes with a maturity of 35 years and a grace period of 10 years. Armenia's Ministry of Economy will supervise the disbursement of capitals In proposing Armenia's request to the Board of Executive Directors, Basil Kavalsky,
