IFC To Help Armenia Develop Primary And Secondary Mortgage Market

IFC TO HELP ARMENIA DEVELOP PRIMARY AND SECONDARY MORTGAGE MARKET

/PanARMENIAN.Net/
30.07.2009 11:53 GMT+04:00

/PanARMENIAN.Net/ The working group formed of specialists from the
International Finance Corporation (IFC), World Bank, Central Bank of
Armenia, KfW Bank and USAID held its first meeting to exchange views
on mortgage system in Armenia.

The group will assist development of primary and secondary mortgage
market, reorganization of legislation, improvement of loan standards
and successful introduction of international experience.

"The Central Bank of Armenia appreciates highly the IFC participation
in the process," CBA President Arthur Javadyan said.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS