ARMENIA TO BENEFIT FROM IFAD FUNDS
ArmenPress
Dec 8 2004
YEREVAN, DECEMBER 8, ARMENPRESS: Armenia is among 17 developing
countries, which will benefit from nearly $320 million in UN loans
and $6.4 million in grants next year. The International Fund for
Agricultural Development (IFAD), meeting at its headquarters in
Rome, approved the loans and grants for rural development projects
in Algeria, Argentina, Armenia, Bangladesh, Brazil, Burkina Faso,
Ecuador, Ethiopia, Guatemala, Indonesia, Jordan, Lesotho, Nepal,
Sudan, Tanzania, Viet Nam and Zambia.
In the Near East and North Africa region, IFAD will provide $64
million in loans to help rural communities in the Tlemcen mountainous
northern region of Algeria, rural mountain districts in Armenia and
poor households in Kordofan, western Sudan, among other projects.