The Netherlands contributing €10 million for Armenia
Through the Global Concessional Financing Facility (GCFF) the Netherlands supports middle-income countries that receive large numbers of refugees but are not usually eligible for concessional financing from development banks, Armradio reports.
One such country is Armenia, which has taken in over 100,000 residents from the enclave Nagorno-Karabakh since September.
On 19 September, Azerbaijan launched offensive operations against Nagorno-Karabakh. As a result, more than 100,000 people were forced to flee their homes, nearly all of whom found refuge in Armenia. Those from Nagorno-Karabakh taken in represent about 3% of the Armenian population.
The sudden population increase has put a great deal of pressure on the country’s social services, labour market and overall economy. Taking in so many people also entails considerable costs. To help Armenia in this regard, the Netherlands is contributing €10 million to the Global Concessional Financing Facility.
Related news
Prime Minister receives the President of the International Crisis Group
Prime Minister Nikol Pashinyan received the President of the International Crisis Group, Comfort Ero, ARMENPRESS reports.
PM Pashinyan highlights science and education in strategic planning of Armenia’s future
Armenia has accumulated scientific potential and it’s time for the government to make serious investments in science, Prime Minister Nikol Pashinyan has said, ARMENPRESS reports.
Security Council session held chaired by Nikol Pashinyan
Chaired by Prime Minister Nikol Pashinyan, a meeting of the Security Council was held, ARMENPRESS reports.
Switzerland invests 10 million CHF for 10-year forest restoration project with Armenia
The Swiss Agency for Development and Cooperation (SDC) launches a 10-years project "Forest Restoration and Climate Change in Armenia” (FORACCA), ARMENPRESS reports.
Netflix films to be produced in Armenia
Several Netflix films and televisions series will be filmed in Armenia, ARMENPRESS reports.
EU Mission in Armenia to increase its presence on the ground
On 11 December 2023, the EU Foreign Affairs Council agreed to strengthen the observation capacity of the European Union Mission in Armenia (EUMA) within the Mission’s existing Area of Operations on the Armenian side of the Armenia-Azerbaijan state border, by increasing its presence on the ground from 138 staff to 209, Armradio reports.
