Armenian Ambassador to Austria Ashot Hovakimyan and the Director General of OPEC Fund for International Development Suleyman Al-Harbish signed an agreement on provision of a $14 million loan to Armenia from the Fund, reported Public Radio.
The loan is provided to the Armenian government for the implementation of the "Farmers of marketing opportunities" program. The program is meant to promote the economy of the urban regions of Armenia.
The Director General of the Fund noted that this is the second program jointly implemented with Armenia. Mr. Al-Herbish expressed appreciation for he cooperation with the Armenian Government and expressed hope that the cooperation will continue in the future.
On behalf of the Government of Armenia, Ambassador Hovakimyan expressed gratitude of the provided grant and support. He highly assessed the cooperation with the Fund and noted that during his visit expected net year the Director General will have an opportunity to personally assess the results of the programs implemented.