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EC to provide 100 million euros of macroeconomic assistance to ROA

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  • EC to provide 100 million euros of macroeconomic assistance to ROA

    EC to provide 100 million euros of macroeconomic assistance to Armenia
    10.12.2009 17:59 GMT+04:00

    /PanARMENIAN.Net/ Recently, Brussels hosted political consultations
    between Armenia and the European Committee.

    Armenian delegation was led by the head of Armenia representation in
    EC, Ambassador Avet Adonts and EC delegation - by Political and
    Security Committee Ambassador Olof Skoog.

    As RA Foreign Ministry reported, the parties discussed a number of
    issues on Armenia - EC political collaboration and world crisis
    consequences.

    To overcome crisis, the European Commission has proposed providing 100
    million euros ($149.2 million) of macroeconomic assistance to Armenia.

    The aid to Armenia - a loan of up to 65 million euros and a grant of
    up to 35 million euros - would support an adjustment program agreed
    with the International Monetary Fund to help the country through the
    global crisis, the Commission said.

    In 2010, EC representatives will visit Yerevan to discuss
    collaboration memorandum to be concluded.
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