Exim Bank Creates Opportunity For Financing State-Owned Enterprises

[Tigranian Ani]

EXIM BANK CREATES OPPORTUNITY FOR FINANCING STATE-OWNED ENTERPRISES OF ARMENIA AS WELL

YEREVAN, AUGUST 18, NOYAN TAPAN. At the August 12 meeting of the
Armenian Ambassador to the US Tatul Margarian and the President and
Acting Chairman of the Board of Directors of the US EXIM Bank (Export
and Import Bank) James Lambright, the sides discussed the prospects
for using the Bank's programs for the further development of trade
and economic relations between Armenia and the US. T. Margarian
presented the current process of reforms in Armenia and the measures
taken by the country's authorities to encourage domestic and foreign
investments and promote the foreign trade. J. Lambright expressed
satisfaction at the process of the reform implementation in Armenia
and the positive dynamics of the economic indices, noting that in
March 2005, EXIM Bank opened an opportunity for financing enterprises
of the Armenian state sector as well. According to the RA MFA Press
and Information Department, during the meeting, the sides reached an
agreement to carry out joint activities aimed at implementing the
EXIM Bank-financed programs in Armenia and most appropriately
reflecting the risk classification of Armenia's current economic
state at international organizations.