Armenia's Deputy PM Meets with OPEC Development Fund Reps in Vienna
Yesterday, Armen Gevorgyan, Armenia's Deputy Prime Minister and Minister of Territorial Government, meet with the board of the OFID (OPEC Fund for International Development) in the Austrian capital of Vienna. The OFID has been assisting Armenia since 2004. Two credit programs totalling some $15 million, designed to restore industrial infrastructure, have already been completed. In 2005 Armenia and the OFID signed an agreement to spur investment in the country and the OFID has entered into financial arrangements with Inecobank and Biblos Bank to fund the activities of proivate business ventures in Armenia.
Informed sources state, that according to preliminary arrangements, the OFID Board meeting to take place within the first ten days of December will decide on a $14 million credit package to Armenia essentially designed for rural gasification. During the meeting the Deputy PM Gevorgyan extended an invitation by Armenian Prime Minister Tigran Sargsyan to OFID Director-General Suleman Al-Herbish to visit Armenia in person and inspect the results of the previous credit package programs.
If you found a typo you can notify us by selecting the text area and pressing CTRL+Enter
Videos
Photos
Write a comment