Government of Armenia presents IFAD with a gold medal

On 1 November 2006, during the inauguration ceremony of a water supply system for portable water and livestock water points financed by IFAD's Rural Areas Economic Development Programme in the mountain communities of Tsagkahovit, Sangyar, Vardablur, Rya-Taza and Shenkan, the Minister of Agriculture of Armenia, His Excellency David Lokyan, awarded Henning Pedersen, IFAD Country Programme Manager, a gold medal for IFAD's contribution to the development of the country’s rural and agricultural sectors over the past decade.
During the ceremony it was noted that IFAD's has contributed to:

• the creation of the Agricultural Cooperative Bank or Armenia, currently the most successful rural financial institution in Armenia
• financing close to one hundred infrastructure projects essential for the improvement of the livelihood for the most disadvantaged part of the rural population
• recently setting up of refinancing fund where a number of private financial institutions can access funding for activities in the poorest areas of Armenia

 

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In this section Programme overview Documents IFAD receives gold medal Voices from the field Contact information Mr Henning Pedersen Country programme manager IFAD Via Paolo di Dono, 44 00142 Rome, Italy Tel: +39 0654592635 Fax: +39 0654593635 h.pedersen@ifad.org Facts and figures Total cost: US$28.7 million IFAD loan: US$15.3 million Cofinancing: Government of Armenia (US$2.3 million) United States Agency for International Development (USAID) (US$522,000) Organization of Petroleum Exporting Countries (OPEC) Fund for International Development (US$5.0 million) Duration: 2005-2009 Geographical area: 7 provinces in mountain areas Directly benefiting: rural poor people Status: ongoing