OPEC Fund, Armenia Sign Deal

VIENNA, 28 February 2005 — An agreement for the encouragement and protection of investment has been signed between the OPEC Fund for International Development and the Republic of Armenia. Drawn up within the framework of the Fund’s private sector facility, the agreement was signed by David Lokyan, minister of agriculture of Armenia, and Suleiman J. Al-Herbish, director-general of the OPEC Fund. The private sector facility is a financing window, endowed with its own resources, through which the Fund channels support directly to the private sector in developing countries.