UN to extend $72 million loan to Armenia for 2010-2015
UN to extend $72 million loan to Armenia for 2010-2015ARKA, 27.07.2009
Armenia’s Prime Minister Tigran Sargsyan and UNDP Resident Representative in Armenia Consuelo Vida signed last Friday the 2010-2015 United Nations Development Program (UNDP) in Armenia. The five-year financial commitments of UN to Armenia total $72mln, which will enable the RA government to fully implement scheduled projects.
“UN has been working with Armenia since 1992 and it has 14 agencies, funds and programs in Armenia,” Sargsyan said. With the spotlight of the new program being Armenia’s sustainable development, 33% of the UNDP loan will be allocated for empowerment initiatives.
“What is crucially important is that the UN programs focus on the proportional economic and democratic development of Armenia’s regions,” the premier said, stressing the role of the five-year rural community development programs.
He expressed a hope that UNDP would keep contributing to Armenia’s dynamical development. The prime minister thanked the UN resident representative for her immense contribution to the Armenian government’s programs.
In her turn, Vidal emphasized the role of the new agreement for the UN Representation in Armenia and the UN structures in the country.
She vowed staunch support to the development of national institutes and application of the best global practices in Armenia.
According to Vidal, UN aims at supporting the socially vulnerable in Armenia, adding the organization is currently assessing the impact of the global crisis on the low-income population.
The second goal of the program is to boost social services and contribute to democratic management, protecting the human rights in Armenia, combating corruption and strengthening public involvement in those initiatives.
The program also focuses on environmental protection, climate change and modernization of the national system of averting calamities. —0--
