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Armenian Deputy Prime Minister discussed expansion of cooperation with EIB Regional Director

YEREVAN, December 1 . /ARKA/. Armenian Deputy Prime Minister Tigran Khachatryan received on Thursday a delegation led by Lionel Raphael, Director for Enlargement and Neighborhood of the European Investment Bank (EIB), the government press service reported.

It said the meeting was also attended by the head of the EIB’s South Caucasus Regional Office Maciej Czura.

Khachatryan spoke in detail about the current macroeconomic indicators and priorities of the government’s economic policy.

The sides exchanged views on the possible support instruments necessary for ensuring the living conditions of the Armenian population forcibly displaced from Nagorno-Karabakh in the long term, and the necessity of cooperation in those directions was emphasized.

During the meeting a number of issues related to bilateral cooperation were also discussed, including in such areas as  energy, transportation, water supply, urban development and infrastructure development.

As it was reported earlier on Thursday,  the European Investment Bank (EIB), the lending arm of the European Union (EU), has signed a loan worth €25 million with Armenia for energy efficiency improvements in Yerevan.

The €25 million EIB loan and €11 million in EU grant funding will support energy efficiency improvements in six polyclinics and 32 kindergartens across Yerevan. Another €2 million will be allocated by the Yerevan Municipality. -0-

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