IFAD To Give $12 Million Credit To Armenia

Emil Lazarian News

IFAD TO GIVE $12 MILLION CREDIT TO ARMENIA

ARMENPRESS
Jul 25, 2007

YEREVAN, JULY 25, ARMENPRESS: Armenian agricultural ministry and
the International Fund for Agricultural Development (IFAD) signed
yesterday an agreement, whereby IFAD will give Armenia a $12 million
fresh loan for giving a boost to farming.

The loan is part of a broader Marketing Opportunities for Farmers
program, with a budget of $30 million.

Apart form the $12 million loan Armenia will also receive a $500,000
grant from IFAD. The program will encompass the whole of Armenia with
the focus on loaning farmers, repair of infrastructure and credits
to small and medium-sized businesses.

From: Emil Lazarian | Ararat NewsPress

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.

Direct link to this article: https://www.armenianclub.com/2007/07/26/ifad-to-give-12-million-credit-to-armenia/

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