AGREEMENT SIGNED ON RUSSIA’S GRANTING $500 MILLION LOAN TO ARMENIA
APA
Feb 9 2009
Azerbaijan
Yerevan – APA. Initial agreement was signed on Russia’s granting
$500 million loan to Armenia, Armenia’s Ministry of Finance said,
APA reports.
The loan covers 15 years and will be concessional in the first 4
years. The agreement does not lay any others obligations on Armenia.
Armenia also plans to receive approximately $500 million loan from the
World Bank, Asian Development Bank and European Bank for Reconstruction
and Development.
Disclaimer: This article was contributed and translated into English by Ekmekjian Janet. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2009/02/10/baku-agreement-signed-on-russias-granting-500-million-loan-to-arm/