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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.
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.