Armenian Lawmakers To Discuss Reception Of Loans Worth Some $260 Mil

ARMENIAN LAWMAKERS TO DISCUSS RECEPTION OF LOANS WORTH SOME $260 MILLION

Vestnik Kavkaza, Russia
Dec 12 2014

12 December 2014 – 1:25pm

The Armenian parliamentary commission for international relations will
discuss 7 international agreements to receive loans worth a total of
about $260 million, Tert.am reports.

The loans will be spent on development of electricity, plumbing and
services. Armenia has a governmental debt of $4.2 billion, the figure
may reach $5 billion by the end of 2015. Thus, the country will get
new loans to pay the old ones.