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EU proposes macroeconomic help for Armenia, Georgia
Reuters
Fri Oct 16, 2009 6:48am EDT
BRUSSELS, Oct 16 (Reuters) - The European Commission has proposed providing
100 million euros ($149.2 million) of macroeconomic assistance to Armenia
and 46 million euros to Georgia, the EU's executive arm said on Friday.
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 programme agreed with the
International Monetary Fund to help the country through the global crisis,
the Commission said.
The assistance to Georgia is part of a European Union package of up to 500
million euros to help the economy after the country's conflict with Russia
last year. It will also support an IMF adjustment programme, a Commission
statement said.
The proposals must be formally approved by the 27 EU states. (Reporting by
David Brunnstrom; Editing by Dale Hudson)
Reuters
Fri Oct 16, 2009 6:48am EDT
BRUSSELS, Oct 16 (Reuters) - The European Commission has proposed providing
100 million euros ($149.2 million) of macroeconomic assistance to Armenia
and 46 million euros to Georgia, the EU's executive arm said on Friday.
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 programme agreed with the
International Monetary Fund to help the country through the global crisis,
the Commission said.
The assistance to Georgia is part of a European Union package of up to 500
million euros to help the economy after the country's conflict with Russia
last year. It will also support an IMF adjustment programme, a Commission
statement said.
The proposals must be formally approved by the 27 EU states. (Reporting by
David Brunnstrom; Editing by Dale Hudson)