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CREDITS AND GRANTS GIVEN TO POOR COUNTRIES WILL BE INCREASED

Economy

From March 18 to 24 an assembly with the heading Agreement on Development was held in Monterey. The main admitted document has the following title “Monterey agreement.” Due to the agreement the donor countries of the world- the USA and Euro Council will increase the credits and grants given to poor countries. This agreement was made after September 11. The world understood that disagreements between the rich and the poor bring to terrorism and conflicts.

The head of the Armenian delegation in Monterey Vice President Andranik Margaryan represented the process of the plan creation of overcoming misery in Armenia. The Minister of Finance and Economy Vardan Khachatryan informed that sums will be given to execute definite plans only.