Armenia To Get Extra 20 Million Euro From KfW

ARMENIA TO GET EXTRA 20 MILLION EURO FROM KFW

PanARMENIAN.Net
08.04.2009 21:39 GMT+04:00

/PanARMENIAN.Net/ Mortgage credits total AMD 84 billion in Armenia,
Central Bank chairman Arthur Javadyan said.

He also informed that KfW’s program implemented through the
German-Armenian Fund has 1 million euro balance and negotiations for
extra 20 million euro are underway.

"There is another program envisaging creation of mortgage fund with
AMD 5 billion as initial capital," he said.

From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. 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/2009/04/11/armenia-to-get-extra-20-million-euro-from-kfw/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS