EC TO PROVIDE 100 MILLION EUROS OF MACROECONOMIC ASSISTANCE TO ARMENIA
/PanARMENIAN.Net/
10.12.2009 17:59 GMT+04:00
/PanARMENIAN.Net/ Recently, Brussels hosted political consultations
between Armenia and the European Committee.
Armenian delegation was led by the head of Armenia representation
in EC, Ambassador Avet Adonts and EC delegation – by Political and
Security Committee Ambassador Olof Skoog.
As RA Foreign Ministry reported, the parties discussed a number
of issues on Armenia – EC political collaboration and world crisis
consequences.
To overcome crisis, the European Commission has proposed providing 100
million euros ($149.2 million) of macroeconomic assistance to Armenia.
The aid to Armenia – a loan of up to 65 million euros and a grant of
up to 35 million euros – would support an adjustment program agreed
with the International Monetary Fund to help the country through the
global crisis, the Commission said.
In 2010, EC representatives will visit Yerevan to discuss collaboration
memorandum to be concluded.