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EC released 3 million in budget support to Armenia

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  • EC released 3 million in budget support to Armenia

    PanARMENIAN.Net

    EC released 3 million in budget support to Armenia
    11.03.2009 00:15 GMT+04:00

    /PanARMENIAN.Net/ The European Commission released EUR 3 million in
    budget support to Armenia from the Food Security Programme (FSP). The
    European Commission Food Security Programme in Armenia is an
    instrument of balance of payments and national budget support. The EC
    Food Security Programme has been supporting the State Budget of the
    Republic of Armenia since the 1997 fiscal year. Since then 10 annual
    Programmes were successfully completed granting ?¬ 96.5 million
    for direct budget support and ?¬ 5.5 million for technical
    assistance and follow up.

    PanARMENIAN.Net learned from Delegation of the European Commission to
    Armenia, that with the successfully implemented EC Food Security
    Programme 2007-2008, the total FSP contribution to Armenia's
    development sum up to EUR 105 million.

    The overall objectives of the EC Food Security Programme for 2007-2008
    were in tune with the Armenian Poverty Reduction Strategy and aim i)
    to contribute to the overall effort by the Government and the society
    to reduce poverty though sustainable economic growth and development,
    and ii) to maintain the momentum for reform in agriculture.

    The specific objective of the EC Food Security Programme for 2007-2008
    was to assist the Government of Armenia to improve the design,
    management, delivery and effectiveness of state programmes and
    services in agriculture that are aimed at reducing food insecurity,
    and particularly to improve efficiency in the area of animal health
    and phytosanitary policy.

    From: Emil Lazarian | Ararat NewsPress
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