Parliamentary committee approves ratifying Armenia-Germany framework agreement

11:48,

YEREVAN, JUNE 15, ARMENPRESS. The Armenian parliamentary standing committee on financial-credit and budgetary affairs approved the issue on ratifying the agreement on financial cooperation between Armenia and Germany.

Deputy finance minister of Armenia Armen Hayrapetyan reported that the agreement was signed on October 24, 2019. It’s a framework agreement including mainly grant contracts and just one loan agreement which will be provided to the Armenian-German fund within the frames of the Refinancing Line program.

After the ratification by the Parliament the agreement will enter into force.

Reporting by Anna Grigoryan; Editing and Translating by Aneta Harutyunyan

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

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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