Tuesday, July 14 2020 20:45
Alina Hovhannisyan

EU in framework of Team Europe program assists Armenia in developing  medium-term recovery program

EU in framework of Team Europe program assists Armenia in developing  medium-term recovery program

ArmInfo. Within the framework of Team Europe, the European Union (EU) assists in the development of a medium-term recovery program for Armenia.

''We, Team Europe, welcome and stand ready to support the RA  Government efforts to lead, prepare a Mid-Term Recovery Plan MTRP in  an open, consultative process engaging all stakeholders i.e. private  sector, civil society, academia, local authorities in response to the  ongoing COVID-19 crisis'', the EU statement reads.

Several Team Europe initiatives are jointly carried out by the EU and  its Member States, notably in the mobilization of Emergency Medical  Teams (EMT) & supplies with EU Civil Protection Mechanism support.  Such humanitarian missions allow to share expertise, help those most  in need of medical care and strengthen the Armenian health system  resilience. Together with European and regional IFIs, Team Europe is  also preparing affordable schemes to support micro-businesses, SMEs  in accessing credit and guarantees to boost business & jobs after the  crisis.

The statement reads that COVID-19 outbreak has evolved into a global  pandemic. It has killed over half a million people, strained  communities, increased calls for social protection, shrunk business  activity and disrupted supply chains. Its consequences will be  profound in the European Union EU, in the countries of the Eastern  Partnership and all around the globe. Armenia is particularly  vulnerable as a landlocked country yet with an open economy that  mostly relies on tourism, agriculture, trade and remittances.  This  historic crisis requires a fast, massive and coordinated global  response to protect all people, save lives and tackle the economic  fallout. In such context, the Armenian authorities, the private  sector, civil society and ordinary Armenians are responding with  extraordinary levels of resilience, responsiveness and creativity.   To note, the European Union provided 92 million euros to Armenia to  address urgent and short-term needs, as well as to help implement  medium-term programs to rebuild the country in the humanitarian,  health, social and economic areas.  The EU provides assistance to  partner countries in the fight against the coronavirus pandemic and  its consequences through the Team Europe program. The goal of Team  Europe's approach is to combine the resources of the EU, its member  countries and financial institutions, in particular the European  Investment Bank and the European Bank for Reconstruction and  Development, etc. Financing the whole Team Europe package reaches  more than 20 billion euros.

POST A COMMENT
Input digits     


News
iDram
btn

Exchange rates
14.08.2020
RUB6.610.01
USD484.83-0.34
EUR571.91-2.24
GBP634.16-0.54
CAD366.13-0.62
JPY45.430.02
CNY69.86-0.02
CHF531.90-1.14



Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000