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Prime Minister Of Armenia: Armenia Is Expected To Hold A Donor Confe

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  • Prime Minister Of Armenia: Armenia Is Expected To Hold A Donor Confe

    PRIME MINISTER OF ARMENIA: ARMENIA IS EXPECTED TO HOLD A DONOR CONFERENCE TO RAISE FUNDS TO SPEED UP REFORMS

    ARMINFO
    Monday, November 26, 12:46

    Armenia jointly with the World Bank, European Union, Asian Development
    Bank and EBRD is expected to hold a donor conference to raise funds
    to seed up economic and institutional reforms, Prime Minister of
    Armenia Tigran Sargsyan told Interfax.

    He said that the Russian Federation's involvement in the given
    conference is currently being studied. "We are currently preparing
    development projects and the conference conception. We have officially
    requested Russia's participation in it. Such donor conferences are
    held in many countries, especially where there is need in financial
    and technical assistance to overcome poverty, boost reforms and
    improve the living standards. We are preparing our donor conference
    building on the given model. Surely, we should study in details all the
    financing programs, credits and grants, with our Russian colleagues,"
    the prime minister said. He believes that Armenia has no problems
    with the foreign debt service, as it is lower than average and Armenia
    fulfills all the debt service commitments.

    Asked about Yerevan's stance on the Customs Union and the Eurasian
    Union, the prime minister said that the country is interested in
    integration processes within the CIS and EurAsEC.

    "At their recent meeting our presidents voiced that issue and Vladimir
    Putin noted quite precisely that Armenia's case is specific - no common
    borders with EurAsEC and Customs Union. There is no other country
    in the world to have no borders with the Customs Union but have
    membership. Therefore, the presidents charged setting up a working
    group. Our economy minister co-chairs the Group, a relevant minister
    of Russia has been appointed as well. The Working Group is charged
    to develop instruments to boost integration processes considering
    the above peculiarities," Tigran Sargsyan said.

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