October 20, 2010 - 17:37 AMT
Global Environment Facility to provide USD10 million to Armenia

Over the past 18 years, Global Environment Facility (GEF) has invested USD 18 million in Armenian ecology sector, according to GEF CEO Monique Barbut.

As she told a news conference in Yerevan, the funds allocated aim to promote environmental protection and energy effectiveness.

“For the next 3 years, USD10 million will be provided to Armenia for the development of program to overcome land degradation. The issue is especially vital in Armenia, where 85% of land is seriously degraded,” Ms. Barbut stressed.