OPEC TO PROMOTE AGRICULTURAL DEVELOPMENT IN ARMENIA
/PanARMENIAN.Net/
16.12.2009 19:02 GMT+04:00
/PanARMENIAN.Net/ Armenian Vice Premier Armen Gevorgyan Tuesday
met with Head of OPEC (OFID) International Development Fund Jazir
Al-Herbish, Ministry’s press service reported. Present at the meeting
was Gagik Matevosyan, Head of "Rural Territories Development Program"
at Ministry of Agriculture.
Armenia-OFID cooperation began in 2004. Over 5 years, 4 programs
were implemented, mostly in the sphere of gas supply. OFID funding
in Armenia comprised USD 30 million. Negotiations are now being held
for attracting an additional sum of USD 20 million.
Armenian Vice Premier and Head of OFID discussed issues concerning the
new investment program. Rural Empowerment Program will be co-funded
by OFID and IFAD (International Fund for Agricultural Development).
Armen Gevorgyan informed that OFID funding is due in the second half
of 2010 and requested fund leadership to implement procedural steps
within the shortest time limits.
Agreement was achieved for approving the program in March 2010,
after discussions between OFISD and IFAD.