The Governing Council of Millenium Challenge Account-Armenia SNCO met at the Office of Government, presided at by GC Chairman, RA Prime Minister Tigran Sargsyan. In attendance were the heads of irrigation project design entities. The Council took note of a progress report concerning the Infrastructure Activity of Irrigated Agriculture Project of MCA-Armenia Program. Chief Executive Director of MCA-Armenia SNCO Ara Hovsepyan noted that the Infrastructure Activity features 5 sub-components:... more »
RA Prime Minister Tigran Sargsyan received Head of the World Bank Armenia Office Aristomene Varudakis and Country Support Strategy mission coordinator Samia Mitra. Pleased with the current level of World Bank-Armenia cooperation, the Prime Minister pointed out that the program on the use of USD 50 million out of the World Bank-allocated USD 85 million-worth of loan for supporting medium-size enterprise is gathering momentum. Tigran Sargsyan said to be confident that other joint programs,... more »
For Developers’ Reference
Notification by Government of Republic of Armenia Operative Staff The requirements stipulated under the program of extending credit guarantees to eligible developers have been amended as follows: instead of the formerly stated 75%, target facilities shall henceforth be eligible if 50% complete as evidenced by asset evaluating companies.
