EC to provide 100 million euros of macroeconomic assistance to Armenia

December 10, 2009 - 17:59 AMT
PanARMENIAN.Net - Recently, Brussels hosted political consultations between Armenia and the European Committee.



Armenian delegation was led by the head of Armenia representation in EC, Ambassador Avet Adonts and EC delegation - by Political and Security Committee Ambassador Olof Skoog.



As RA Foreign Ministry reported, the parties discussed a number of issues on Armenia - EC political collaboration and world crisis consequences.



To overcome crisis, the European Commission has proposed providing 100 million euros ($149.2 million) of macroeconomic assistance to Armenia.



The aid to Armenia - a loan of up to 65 million euros and a grant of up to 35 million euros - would support an adjustment program agreed with the International Monetary Fund to help the country through the global crisis, the Commission said.



In 2010, EC representatives will visit Yerevan to discuss collaboration memorandum to be concluded.
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