Thursday, March 2 2017 15:16
Alexandr Avanesov

KfW Bank to continue to grant Armenia on reservations provision

KfW Bank to continue to grant Armenia on reservations provision

ArmInfo. Kreditanstalt fur  Wiederaufbau (KfW) German Development Bank will continue to assist  Armenia with provision of the reservations by granting, said Minister  of Nature Protection of Armenia Artsvik Minasyan during government  meeting on March 2. 

According to him, funds will be allocated to provide reservations and  protected areas with all necessary in the framework of cooperation  with KfW bank. In 2017, on this purpose, the bank will transfer to  Armenia a sum of 155.5mln AMD (a bit more then 300thsd EUR).  

As ArmInfo reported earlier, Germany will provide Armenia a grand for  4mln EUR for creation of a Biosphere Reserve on the basis of the  reserve Shikahogh. Besides, 1mln EUR will be provided additionally on  researches, programs modifying in the field of ecology and regional  conferences holding.


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