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EBRD TO INVEST $120 MILLION IN ARMENIA BY THE END OF 2013
July 19, 2013 | 19:33
YEREVAN. - Armenia is one of the best partners of the European Bank
for Reconstruction and Development, EBRD President Suma Chakrabarti
said in Yerevan.
Over past 20 years, EBRD has invested around $1 billion in 120
Armenia-based projects. Another $120 million will be invested by the
end of this year.
Under the signed agreement, the bank will allocate $7 million to
improve water infrastructure in Yerevan. Another $7.1 million will
be received under the European Neighborhood Program.
The half of EBRD investments were allocated to the financial sector
which will provide it to the small and medium enterprises.
"I positively assess Armenia's prospect despite global crisis,"
Chakrabarti added.
News from Armenia - NEWS.am
July 19, 2013 | 19:33
YEREVAN. - Armenia is one of the best partners of the European Bank
for Reconstruction and Development, EBRD President Suma Chakrabarti
said in Yerevan.
Over past 20 years, EBRD has invested around $1 billion in 120
Armenia-based projects. Another $120 million will be invested by the
end of this year.
Under the signed agreement, the bank will allocate $7 million to
improve water infrastructure in Yerevan. Another $7.1 million will
be received under the European Neighborhood Program.
The half of EBRD investments were allocated to the financial sector
which will provide it to the small and medium enterprises.
"I positively assess Armenia's prospect despite global crisis,"
Chakrabarti added.
News from Armenia - NEWS.am