Armenia to benefit from IFAD funds

Emil Lazarian News

ARMENIA TO BENEFIT FROM IFAD FUNDS

ArmenPress
Dec 8 2004

YEREVAN, DECEMBER 8, ARMENPRESS: Armenia is among 17 developing
countries, which will benefit from nearly $320 million in UN loans
and $6.4 million in grants next year. The International Fund for
Agricultural Development (IFAD), meeting at its headquarters in
Rome, approved the loans and grants for rural development projects
in Algeria, Argentina, Armenia, Bangladesh, Brazil, Burkina Faso,
Ecuador, Ethiopia, Guatemala, Indonesia, Jordan, Lesotho, Nepal,
Sudan, Tanzania, Viet Nam and Zambia.

In the Near East and North Africa region, IFAD will provide $64
million in loans to help rural communities in the Tlemcen mountainous
northern region of Algeria, rural mountain districts in Armenia and
poor households in Kordofan, western Sudan, among other projects.

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