ARMENIA TO BE PROVIDED $20 MILLION FOR AGRICULTURAL PROGRAMS

Within the framework of the official visit of the Armenian President to Italy Robert Kocharian met with leaders of the UN Food and Agriculture Program and the International Fund of Agricultural Development (IFAD). In compliance with the agreement, signed by Minister of Agriculture of Armenia David Lokian and IFAD President Lenart Bohen yesterday, a new agricultural program totaling $20 million is planned to be implemented in Armenia. As stated by D. Lokian, $10 million will be allocated for crediting framing, while the rest $10 million will be spent to implement modernization programs of the agricultural infrastructure. The implementation of the program, which will last 4 years, will begin in a couple of months.
It should be noted that the same day a business forum was held in Rome with the participation of representatives of the business circles of Armenia and Italy. In the course of the meeting prospects of implementation of a range of investment programs in Armenia by the Italian party were outlined.