OPEC Fund for International Development to issue $14-million loan for Armenian rural area developmentDecember 25, 2008 - 14:00 AMT PanARMENIAN.Net - Armenia's Ambassador to Austria Ashot Hovakimian and Director-General of the OPEC Fund for International Development (OFID), Mr. Suleiman J. Al-Herbish signed Tuesday an agreement, according to which the OFID will issue a $14-million loan to Armenia for rural area development, the RA MFA press office reported."This is our third joint program with Armenia and we hope for further efficient cooperation with the RA government," Mr. Al-Herbish said. Thanking Mr. Al-Herbish for the assistance, Ambassador Hovakimian said that Armenia appreciates cooperation with the OPEC Fund for International Development. He noted that the OFID Director-General can himself assess the results of the program during his visit to Armenia in 2009. Top stories 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". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. 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. |