Armenia to get $150 mln extra funding from World BankMarch 31, 2012 - 15:51 AMT PanARMENIAN.Net - International financial institutions positively assess fulfillment of the commitments Armenia assumed in the framework of the cooperation, according to Armenian Prime Minister. As Tigran Sargsyan said during a meeting of the board of trustees of the National Competitiveness Foundation of Armenia, this relates to the implementation of the programs of Extended Fund Facility – EFF and Extended Credit Facility – ECF with the International Monetary Fund (IMF). He further said that IMF gave positive assessment to macroeconomic stability, as well as the financial field and the banking system. According to the PM, the World Bank also hailed the implementation of bilateral programs. “This implies that Armenia will receive USD 150 mln. additional funding, that will foster reform implementation process,” he said. PM Sargsyan further noted that European Bank for Reconstruction and Development (EBRD), as well as the Asian Development Bank (ADB) also voiced satisfaction with cooperation with Armenia. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |