The World Bank’s Board of Executive Directors has approved the $200 million (EUR 170.3 million) Economic Transformation Development Policy Operation to support Armenia’s transition toward a more competitive, and globally integrated economy that manages emissions responsibly. In addition, the OPEC Fund intends to provide parallel financing of up to $92.8 million equivalent (EUR 80 million), bringing the total support package to approximately $290 million (EUR 250 million). [...]