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Japan sends financial aid to promote stability of South Caucasus

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  • Japan sends financial aid to promote stability of South Caucasus

    Pravda, Russia
    March 23 2004

    Japan sends financial aid to promote stability of South Caucasus

    The Armenian agriculture minister, David Lozhan, and an adviser to
    the economic section of the Japanese embassy in Russia, Masataka
    Esidzave, on Monday signed an agreement for the transfer to Armenia
    of a Japanese grant worth USD 1.8 million.

    As reported by a Rosbalt correspondent, the grant would be used to
    buy fertilizer and agricultural equipment for Armenian farmers.
    According to Masataka Esidzave, Japan considers the South Caucasus to
    be an extremely important region, both politically and economically.

    'It is important to us that the South Caucasus be stable,' he said,
    noting that Japanese financial aid was intended specifically to
    promote stability in the region. In 1997, Japan granted Armenia
    financial assistance worth more than USD 19 million.
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