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BAKU: OFID To Provide A $14 Million Loan To Armenia

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  • BAKU: OFID To Provide A $14 Million Loan To Armenia

    OFID TO PROVIDE A $14 MILLION LOAN TO ARMENIA

    Trend News Agency
    Dec 25 2008
    Azerbaijan

    Armenian Ambassador to Austria Ashot Hovakimyan and the Director
    General of OPEC Fund for International Development Suleyman Al-Harbish
    signed an agreement on provision of a $14 million loan to Armenia
    from the Fund, reported Public Radio.

    The loan is provided to the Armenian government for the implementation
    of the ââ~B¬Å~[Farmers of marketing opportunitiesââ~B¬Å&#xA5 ; program. The
    program is meant to promote the economy of the urban regions of
    Armenia.

    The Director General of the Fund noted that this is the second program
    jointly implemented with Armenia. Mr. Al-Herbish expressed appreciation
    for he cooperation with the Armenian Government and expressed hope
    that the cooperation will continue in the future.

    On behalf of the Government of Armenia, Ambassador Hovakimyan expressed
    gratitude of the provided grant and support. He highly assessed the
    cooperation with the Fund and noted that during his visit expected
    net year the Director General will have an opportunity to personally
    assess the results of the programs implemented.

    --Boundary_(ID_nQxRjbRAnG6KMxN6nZPRr A)--
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