Press Release: The EU and Armenia have signed a memorandum on 100 million euros of financial assistance to Armenia

The European Commissioner for Economic and Monetary Affairs Olli Rehn has signed on behalf of the EU the Memorandum of Understanding with the Republic of Armenia setting forth the economic policy conditions for the provision of macro financial assistance (MFA) to Armenia in the form of a loan of up to €65 million and a grant of up to €35 million. The assistance will support the adjustment programme agreed between Armenia and the International Monetary Fund to help the country through the global crisis.