It took place a joint consultation over environmental problem-solving processes apropos of financial challenges with the officers of the RA Ministries and the World Bank in the Ministry of Nature Protection.
In his greeting remarks, Minister of Nature Protection Erik Grigoryan presented the environmental priorities and the policy conducted in that direction. “Debt-for-nature swaps mechanism has been modified as rather, since the application of this instrument is conditioned by global environmental responsibility – not by the repayment procedure of foreign debt - thus we are glad that the World Bank has backed the initiative'': the Minister of Nature Protection noted and expressed confidence that as a result of collective work of the sides, a roadmap of action will be developed.
World Bank Yerevan Office Head Sylvie Bossoutrot reaffirmed the willingness of the Bank to assist Armenia and referred to the key components of the "Mobilizing finance for environmental priorities" project. Lead Environmental Consultant at World Bank Adriana Damianova illustrated the project, spotlighting pivotal environmental risks of Armenia, measures in a bid to combat them with a specific focus on the mechanisms of attracting internal and external financial resources.
Also, the attendees were briefed that the Armenian side considers the commitments assumed under Paris agreement - to make 20.1% of the territory of Armenia forestry by 2050 - which is a measurable process; thereby it is envisaged to attract several hundred million dollars for its accomplishment.
Mining Inspection Body
Tel: (+374 15) 48 48 48
of the Ministry
Environmental Protection and Mining Inspection Body was defined as a subordinate body to the Government by the RA law on “State administration system bodies” adopted on March 23, 2018, thus citizens may send their calls and applications to the Head of the Inspection Body (Address: Koryun 1, 3750009 Yerevan, tel. (+374 15) 48 48 48).