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Armenia's Authorities Must Not Be Given Grants, Loans - ANC Rep

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  • Armenia's Authorities Must Not Be Given Grants, Loans - ANC Rep

    ARMENIA'S AUTHORITIES MUST NOT BE GIVEN GRANTS, LOANS - ANC REP

    17:40 28.08.13

    Vahagn Khachatryan, a member of the Armenian National Congress (ANC)
    party, believes that Armenia's authorities must never be given loans
    or grants.

    "I cannot cite any percents, but all that we see around us - road
    construction, renovation of theaters or any other programs - are not
    effective," Khachatryan told Tert.am.

    According to the Chorrord Ishkhanutyun newspaper, Armenian President
    Serzh Sargsyan has asked the prime minister to introduce justifications
    of a grant application worth over ~@1 billion at an upcoming European
    donor meeting.

    Asked about Armenia's foreign debt, Khachatryan said that it is equal
    to Armenia's GDP.

    Armenian News - Tert.am

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