OFID TO PROVIDE A $14 MILLION LOAN TO ARMENIA

armradio.am
25.12.2008 13:18

On December 23 the 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.

The loan is provided to the Armenian government for the implementation
of the "Farmers of marketing opportunities" 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.