ARMECONOMBANK WINS UN TENDER ON IMPLEMENTATION OF THE WORLD FOOD PROGRAMME

ArmInfo
09.02.2010

Armeconombank has won the UN tender on implementation of the World
Food Programme (UNWFP), Head of Armeconombank Department for Plastic
Card Operations Vardan Yeghiazaryan told ArmInfo.

According to him, within the frames of this programme, aimed at
rendering of food assistance to those in need, Armeconombank will
issue 1800 ArCa plastic cards at the first stage to provide funds
to the socially unsecured people. Moreover, the unemployed and those
temporarily attracted to different works (including the building work)
by UNWFP will receive money reward via these cards. By Yeghiazaryan’s
forecasts, the bank will issue about 30,000 plastic cards during a
year and a half within the frames of this programme, 8-10 thsd of
which will be issued in 2010. "Participation in this project will
enable us to be secured in the UN partner base, that will allow to
deepen the cooperation with UN and establish relations with other
international organizations", Yeghiazaryan emphasized.

As UNWFP Armenia Office told ArmInfo, assistance to almost $80
million was provided within the frames of this programme, having
been implemented in the republic since 1993. Within the frames of the
programme, assistance was provided to all the regions of Armenia, as
well as to the capital from 1993 to 2004, and later – only to Yerevan,
Gegharkunik, Tavush, Lori and Shirak.