Armenian Ministry of Finance, World Bank sign crediting agreementsJanuary 26, 2011 - 15:53 AMT PanARMENIAN.Net - Armenian Minister of Finance Vache Gabrielyan and the World Bank Country Manager for Armenia Jean-Michel Happi signed 3 crediting agreements for the period of 2009-2012. Within the framework of the first program, the WB will allocate USD 25 million credit to Armenian government to decrease poverty level and stimulate the economy. USD 21 million will be allocated on preferential terms. To implement the second program for elimination of reasons hampering introduction of innovations at the enterprises and creation of competitive electronic community, the WB will provide a credit of USD 24 million on commercial terms. Beside, a sum of USD 19 million will be funded for the program on effective management of healthcare system, modernization of medical services in Armenian regions. The credit will be allocated on commercial terms. 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |