RA PM: crisis first of all affects the richMarch 4, 2009 - 22:36 AMT PanARMENIAN.Net - The Armenian Government worked out a number of medium -term programs to overcome the impact of financial crisis on Armenian economy, RA Prime Minister Tigran Sargsyan stated in his TV announcement.For this purpose the government does its best to attract stabilization credits. As of today, the IMF is ready to subsidize $540 million, with $240 million to be granted immediately and $525 million will be credited by the WB, Sargsyan noted, adding that the Russian Prime Minister spoke about providing Armenia with $500 credit. "Negotiations are also being conducted with Asian Bank and European Bank for Reconstruction and Development," he stated. Also, the county's expenditure policy will play a key role in the overcoming of crisis consequences by boosting economy and infrastructure and providing the country's vitality "The government will do its utmost to shift the weigh on the shoulders of major entrepreneurs. First of all, the crisis should affect the rich," Sargsyan emphasized. 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 | Lemkin Institute urges Armenia to respect people’s right to dissent The Lemkin Institute has urged the Armenian government to respect people’s fundamental human right to express their dissent. Iran’s Red Crescent sends aid to Armenia’s flood-hit regions The Iranian Red Crescent Society has sent humanitarian aid to the victims of deadly floods that hit northern Armenia on May 25-26. Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. |