Armenia to get $150 mln extra funding from World BankMarch 31, 2012 - 15:51 AMT PanARMENIAN.Net - International financial institutions positively assess fulfillment of the commitments Armenia assumed in the framework of the cooperation, according to Armenian Prime Minister. As Tigran Sargsyan said during a meeting of the board of trustees of the National Competitiveness Foundation of Armenia, this relates to the implementation of the programs of Extended Fund Facility – EFF and Extended Credit Facility – ECF with the International Monetary Fund (IMF). He further said that IMF gave positive assessment to macroeconomic stability, as well as the financial field and the banking system. According to the PM, the World Bank also hailed the implementation of bilateral programs. “This implies that Armenia will receive USD 150 mln. additional funding, that will foster reform implementation process,” he said. PM Sargsyan further noted that European Bank for Reconstruction and Development (EBRD), as well as the Asian Development Bank (ADB) also voiced satisfaction with cooperation with Armenia. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |