  European Commission to provide 100 million to ArmeniaOctober 16, 2009 - 18:29 AMT PanARMENIAN.Net - The European Commission proposed on the 14 of October 2009 to the Council to provide macro-financial assistance to Armenia, in the form of a loan of up to 65 million and of a grant of up to 35 million. The assistance will support the adjustment program agreed by the Armenian government with the International Monetary Fund to help the country through the global crisis. The Commission adopted on the 14 of October 2009 a draft decision recommending to the Council to provide macro-financial assistance (MFA) in the form of a loan of 65 million and of a grant of 35 million to Armenia. The assistance would be provided in two instalments, tentatively in the first and fourth quarter of 2010. The assistance supports, and is conditional on the respect of the adjustment program agreed between Armenia and the IMF. It complements the latter's financial assistance to the country. The European Parliament is consulted. The proposed financing will complement the financial resources provided by the EU, in the form of budget support programs financed under the European Neighborhood and Partnership Instrument.   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 |  Related sections Latest news Armenia border residents dissatisfied with delimitation  Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan.“Great success”: Pashinyan pleased with new border protocol Pashinyan has described the signing by Armenia and Azerbaijan of a protocol on delimitation in Tavush as “a great success”.Armenia, Azerbaijan sign protocol on demarcation coordinates Armenia’s government took on May 15 another step towards handing over four border areas to Azerbaijan.U.S. warns Georgia not to side with Moscow against the west Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow. |
