Netherlands To Continue Assisting Armenia With Economic Reforms

NETHERLANDS TO CONTINUE ASSISTING ARMENIA WITH ECONOMIC REFORMS

Noyan Tapan
Jun 19 2006

YEREVAN, JUNE 19, NOYAN TAPAN. The Netherlands as a country co-charing
the IMF and WB Dutch Constituency will continue providing assistance
to Armenia.

Before 2005, the Netherlands provided assistance of 4.7 mln euros
for co-financing the programs implemented in Armenia by the above
mentioned donor organizations, while this year this assistance will
amount to 5 mln euros. Mrs.

Agnes Van Ardenne, MFA Minister for Development Cooperation of the
Netherlands, stated this at the conference of the IMF/WB Constituency
Meeting in Yerevan on June 17-18.

According to her, the Netherlands also assist Armenia in such spheres
as state finance management, democratization and NGO development.

It was noted that in 2005, the Dutch Constituency member states signed
a memorandum on mutual understanding, under which the Netherlands
expressed a willingness to assist the Constituency’s developing
countries with attraction of direct foreign investsments. Agnes Van
Ardenne expressed a hope that in accordance with the Dutch Business
Program signed in 2005, Armenian and Dutch businessmen will be able
to set up joint ventures.