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Armenia to benefit from IFAD funds

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  • Armenia to benefit from IFAD funds

    ARMENIA TO BENEFIT FROM IFAD FUNDS

    ArmenPress
    Dec 8 2004

    YEREVAN, DECEMBER 8, ARMENPRESS: Armenia is among 17 developing
    countries, which will benefit from nearly $320 million in UN loans
    and $6.4 million in grants next year. The International Fund for
    Agricultural Development (IFAD), meeting at its headquarters in
    Rome, approved the loans and grants for rural development projects
    in Algeria, Argentina, Armenia, Bangladesh, Brazil, Burkina Faso,
    Ecuador, Ethiopia, Guatemala, Indonesia, Jordan, Lesotho, Nepal,
    Sudan, Tanzania, Viet Nam and Zambia.

    In the Near East and North Africa region, IFAD will provide $64
    million in loans to help rural communities in the Tlemcen mountainous
    northern region of Algeria, rural mountain districts in Armenia and
    poor households in Kordofan, western Sudan, among other projects.
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