June 9, 2011 - 11:07 AMT
OFID to provide $20m loan for Armenia

Armenian Prime Minster Tigran Sargsyan, who is currently in Vienna for the World Economic Forum on Europe and Central Asia met with OPEC Fund for International Development (OFID) Secretary General Suleiman Al-Herbish.

As reported by the governmental press office, upon completion of the meeting, Armenian Minister of Finance Vache Gabrielyan and Mr. Al-Herbish signed a $20m loan agreement which will implemented by the International Fund for Agricultural Development and aimed at poverty reduction in rural areas.