ARMENIA SEEKS ANTI-CRISIS FUNDS FROM RUSSIA-LED INTERNATIONAL ORGANIZATION

Mediamax
Aug 24 2009
Armenia

Yerevan, 24 August. Armenia intends to attract means from EurAsEc
[Russia-led economic cooperation organization] anti-crisis fund to
fund industry, infrastructures and information technologies.

Deputy Minister of Finance of Armenia Vardan Aramyan, who heads
the workgroup on attracting funding from EurAsEc anti-crisis fund,
informed Mediamax on this.

According to Vardan Aramyan, the workgroup carries out works with all
sectoral departments and ministries of Armenia aiming at elaborating
detailed programs, which will be presented to the fund this fall.

The volume of EurAsEc anti-crisis fund will make about 10bn
dollars. The deputy minister of finance did not specify what exact
volume of funding Armenia intends to attract.

Mediamax reminds that on July 2, Armenian Prime Minister Tigran
Sargsyan informed that the government had already submitted two
applications to the fund, related to the spheres of energy and
chemistry, at that noting the necessity to elaborate new programs
aiming at attracting funding for spheres of importance for Armenia.