The Armenian agriculture minister, David Lozhan, and an adviser to the economic section of the Japanese embassy in Russia, Masataka Esidzave, on Monday signed an agreement for the transfer to Armenia of a Japanese grant worth USD 1.8 million.
As reported by a Rosbalt correspondent, the grant would be used to buy fertilizer and agricultural equipment for Armenian farmers. According to Masataka Esidzave, Japan considers the South Caucasus to be an extremely important region, both politically and economically.
'It is important to us that the South Caucasus be stable,' he said, noting that Japanese financial aid was intended specifically to promote stability in the region. In 1997, Japan granted Armenia financial assistance worth more than USD 19 million.