Vigen Sargsyan: Russia may organize large donor conference for Armenia

Vigen Sargsyan: Russia may organize large donor conference for Armenia

YEREVAN, December 4. /ARKA/. Armenia and Russia are negotiating now over organization of a large-scale donor conference for Armenia, Vigen Sargsyan, head of the Armenian president’s administration, said on Tuesday.

He told journalists that the conference may be held in the first half of the next year and the World Bank will take part in it. 

The key aim of the conference, he said, is to find sources for financing large infrastructural projects designed to spur development of the country’s economy.

Russia’s participation in implementation of large infrastructural projects in Armenia is one of Armenian-Russian cooperation’s top-priority components. 

Sargsyan said that these projects are focused on railway transportation, road infrastructure and energy sector. 

Before the parliamentary elections in Armenia in May 2012, the European Union pledged €1.5 billion to Armenia, if the elections conducted properly.  Later, dates of the conference had been postponed many times on various excuses. 

German Ambassador to Armenia Reiner Morell said earlier that the idea of organization of a donor conference for providing financial assistance to Armenia should be revised, since Armenia has refused to initial Deep and Comprehensive Free Trade Agreement (DCFTA) with the European Union and has expressed its intention to join the Customs Union. ----0----

16:52 04.12.2013

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