In 2007 World Bank To Allocate Credit Resources Of 80 Million Dollar

IN 2007 WORLD BANK TO ALLOCATE CREDIT RESOURCES OF 80 MILLION DOLLARS FOR ARMENIA’S SMALL AND MEDIUM ENTREPRENEURSHIP

Noyan Tapan
Dec 27 2006

YEREVAN, DECEMBER 27, NOYAN TAPAN. In 2006, Armenian farms received
credits of a total of 4 million USD with the assistance of the World
Bank and the International Fund for Agricultural Development. The
credits are provided for a period of up to 5 years and have an annual
interest rate of 9.8-10%. The RA Minister of Agriculture Davit Lokian
stated at the December 27 press conference that the credits were
given for creation of 291 small and medium enterprises in mountainous
areas and on foothills of Vayots Dzor, Syunika and Tavush marzes. Out
of these enterprises, 96 are meat, milk and fruit processing ones ,
there are also small slaughter-houses which have already been put into
operation. According to the minister, in 2007 the World Bank will
again provide credit resources of 80 million USD for development of
small and medium entrepreneurship in Armenia.

From: Emil Lazarian | Ararat NewsPress

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Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS