OFID TO PROVIDE A $14 MILLION LOAN TO ARMENIA

Trend News Agency
Dec 25 2008
Azerbaijan

Armenian Ambassador to Austria Ashot Hovakimyan and the Director
General of OPEC Fund for International Development Suleyman Al-Harbish
signed an agreement on provision of a $14 million loan to Armenia
from the Fund, reported Public Radio.

The loan is provided to the Armenian government for the implementation
of the ââ~B¬Å~[Farmers of marketing opportunitiesââ~B¬Å&#xA5 ; program. The
program is meant to promote the economy of the urban regions of
Armenia.

The Director General of the Fund noted that this is the second program
jointly implemented with Armenia. Mr. Al-Herbish expressed appreciation
for he cooperation with the Armenian Government and expressed hope
that the cooperation will continue in the future.

On behalf of the Government of Armenia, Ambassador Hovakimyan expressed
gratitude of the provided grant and support. He highly assessed the
cooperation with the Fund and noted that during his visit expected
net year the Director General will have an opportunity to personally
assess the results of the programs implemented.

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