  UK'S OFFER TO PAY OFF 10% OF ARMENIA'S STATE DEBT IS RECOMPENSE FOR SUSTAINABLE ECONOMY DEVELOPMENTFebruary 18, 2005 - 19:29 AMT PanARMENIAN.Net - The UK's offer to pay off 10% of Armenia's external debt testifies of the sustainable development of the republic's economy, UK Ambassador Thorda Abbott-Watt stated in her interview with Regnum IA. In her words, additional funds will help the republic to increase financing of public health, education and social welfare as well as to improve the living conditions of the population. "The UK government offered to pay off 10% of Armenia's debt till 2015. The UK Ministry for International Development will deposit the sum in the trust fund of the World Bank. The Association for International Development (founded to help poorest countries) will reduce the payments Armenia is due to make during the next ten years", the British diplomat noted. Armenia of one of the 5 states to benefit from this assistance. To note, taking into account that Armenia is to pay $8 million, $11 million and $12 million in 2005, 2006 and 2007 respectively, the UK's contribution will make $800 thousand in 2005, $1.1 in 2006 and $1.2 in 2007 (totally $20 million till year 2015).  Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot".   Partner news |  Latest news About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old  In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched.CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions.Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha.Armenia: Protesters march to parliament, some spend the night on street The protesters did not disperse despite heavy rain that began at around 2 a.m. local time. |
