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Armenia Seeks Anti-Crisis Funds From Russia-Led International Organi

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  • Armenia Seeks Anti-Crisis Funds From Russia-Led International Organi

    ARMENIA SEEKS ANTI-CRISIS FUNDS FROM RUSSIA-LED INTERNATIONAL ORGANIZATION

    Mediamax
    Aug 24 2009
    Armenia

    Yerevan, 24 August. Armenia intends to attract means from EurAsEc
    [Russia-led economic cooperation organization] anti-crisis fund to
    fund industry, infrastructures and information technologies.

    Deputy Minister of Finance of Armenia Vardan Aramyan, who heads
    the workgroup on attracting funding from EurAsEc anti-crisis fund,
    informed Mediamax on this.

    According to Vardan Aramyan, the workgroup carries out works with all
    sectoral departments and ministries of Armenia aiming at elaborating
    detailed programs, which will be presented to the fund this fall.

    The volume of EurAsEc anti-crisis fund will make about 10bn
    dollars. The deputy minister of finance did not specify what exact
    volume of funding Armenia intends to attract.

    Mediamax reminds that on July 2, Armenian Prime Minister Tigran
    Sargsyan informed that the government had already submitted two
    applications to the fund, related to the spheres of energy and
    chemistry, at that noting the necessity to elaborate new programs
    aiming at attracting funding for spheres of importance for Armenia.
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