ARMENIA TO TRY TO USE SUPPORT OF ANTI-CRISIS FUND SET UP WITHIN FRAMEWORK OF EURAZES

Noyan Tapan
July 2, 2009

YEREVAN, JULY 2, NOYAN TAPAN. There is another opportunity to get
additional financial resources to promote the development of the
Armenian economy.

Armenian Prime Minister Tigran Sargsyan stated at the July 2 sitting
of the government that about a billion US dollars will be accumulated
in the Anti-Crisis Fund set up within the framework of EurAzEs,
and Armenia may make use of the Fund’s support. At the same time the
prime minister said that Armenia has not yet worked out programs to
be submitted to the Fund. In his words, only two programs – on energy
and chemical sectors – have been guaranteed and sent there.

According to the prime minister, by his instructions a working group
has been created. It is headed by the RA deputy minister of finance and
will cooperate with ministries and departments to develop and adopt
big programs which are necessary for Armenia and can be submitted to
the indicated Fund for receiving additional financial resources.