GERMANY TO PROVIDE CREDITS AND GRANTS OF 130 MILLION EUROS TO ARMENIA IN NEXT TWO YEARS

Noyan Tapan
July 17, 2009

YEREVAN, JULY 17, NOYAN TAPAN. Negotiations of the Armenian-German
Intergovernmental Commission on Financial and Technical Cooperation
took place in Bonn on July 15-16. The Armenian delegation headed
by RA Minister of Finance Tigran Davtian was in Germany in order
to paticipate in the negotiations. The delegation was composed of
Chairman of the Central Bank of Armenia Arthur Javadian, Chairman of
the RA Audit Chamber Ishkhan Zakarian and other officials.

The participants discussed problems of sustainable economic
development, energy and environmental protection, as well as issues
related to decentralization, democracy, and community development.

According to the press service of RA Ministry of Finance, as a result
of the negotiations, a protocol was signed, by which the sides have
reached an agreement that the German government will provide credits
and grants of a total of 130 million euros to Armenia in the next
two years.