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Armenia To Try To Use Support Of Anti-Crisis Fund Set Up Within Fram

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  • Armenia To Try To Use Support Of Anti-Crisis Fund Set Up Within Fram

    ARMENIA TO TRY TO USE SUPPORT OF ANTI-CRISIS FUND SET UP WITHIN FRAMEWORK OF EURAZES

    Noyan Tapan
    July 2, 2009

    YEREVAN, JULY 2, NOYAN TAPAN. There is another opportunity to get
    additional financial resources to promote the development of the
    Armenian economy.

    Armenian Prime Minister Tigran Sargsyan stated at the July 2 sitting
    of the government that about a billion US dollars will be accumulated
    in the Anti-Crisis Fund set up within the framework of EurAzEs,
    and Armenia may make use of the Fund's support. At the same time the
    prime minister said that Armenia has not yet worked out programs to
    be submitted to the Fund. In his words, only two programs - on energy
    and chemical sectors - have been guaranteed and sent there.

    According to the prime minister, by his instructions a working group
    has been created. It is headed by the RA deputy minister of finance and
    will cooperate with ministries and departments to develop and adopt
    big programs which are necessary for Armenia and can be submitted to
    the indicated Fund for receiving additional financial resources.
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