Wed, 1 October
15.1 C
Yerevan
USD: 382.52 RUB: 4.64 EUR: 449.38 GEL: 140.57 GBP: 514.03

AACO to get EURO 62,500 grant from Oxfam-Novib

YEREVAN, March 11, /ARKA/. The Association of Armenian Crediting Organizations (AACO) will get a EURO 62,500 grant from Oxfam-Novib, the Dutch affiliate of the international Oxfam organization. Mariam Yesayan, AACO chairperson, said the grant will arrive later this month.

‘We have been cooperating actively with Oxfam-Novib and a week ago we signed a grant agreement,’ she said addressing the annual meting of the AACO.

She said the grant will be spent on creation of the executive body of the Association, formation of infrastructure and purchase of technical equipment. She said last year the AACO actively cooperated also with Poland’s Microfinance Center for CIS and Eastern Europe and some other international organizations.

AACO was established in 2008 by universal crediting organizations Finka, New Horizon, GFC, CEF International, Farm Credit Armenia and Aregak. The annual meeting elected Khoren Kerobian, executive director of New Horizon, as AACO chairman. -0-

spot_img

POPULAR

Armenia’s state budget deficit planned to be reduced to 1% by 2030, according to Finance Minister

Armenia's state budget deficit is planned to be reduced to 1% by 2030, announced Finance Minister Vahe Hovhannisyan.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is in discussions on new Stand-By Arrangement with  IMF

Armenian Deputy Prime Minister Mher Grigoryan engaged in talks on Tuesday on the execution of the measures outlined in the IMF's three-year Stand-By Agreement (SBA) with Alexander Timan, the Head of the IMF Armenia Mission, and Umang Ravat, the IMF's Permanent Representative to Armenia.

LATEST NEWS

spot_imgspot_imgspot_img