OPEC to promote agricultural development in Armenia

December 16, 2009 - 19:02 AMT
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.
 Top stories
Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia to loan AMD 2.9 billion to KarabakhArmenia to loan AMD 2.9 billion to Karabakh
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
Azerbaijan opposes Armenia’s plans to build new metallurgical plantAzerbaijan opposes Armenia’s plans to build new metallurgical plant
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Armenia attracts record amount of foreign direct investments, says MinisterArmenia attracts record amount of foreign direct investments, says Minister
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
 Articles
4 rules for business success

An ultimate guide

 Most popular in the section
Armenia's international reserves grew by 8.9% in 2022
IDBank to participate in Career City Fest 2023
Armenia-Iran trade grew 45% in January-October – official
Shell already in Armenia: First fuel stations put into operation
Home
All news
Overview: Economy
Archive for December 16, 2009
Other news in this section
  Related sections
IT & Technology
 Latest news
Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28.
Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports.
Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.
Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.
---