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    Emil Lazarian
  • 11 years ago
    • Categories: News

Armenian Parliament Ratifies Loan Agreements Worth $75mln And $49mln

ARMENIAN PARLIAMENT RATIFIES LOAN AGREEMENTS WORTH $75MLN AND $49MLN

YEREVAN, December 16. /ARKA/. Armenia’s parliament ratified the
loan agreements with the International Bank for Reconstruction and
Development (IBRD) and the Asian Development Bank (ADB) worth $75
million and $49 million respectively.

The government approved the signing of the agreements earlier.

According to the first agreement, the IBRD will provide a $75 million
loan to Armenia for 25 years, first deputy minister of finance Pavel
Safaryan said.

Under the other agreement, Armenia will receive $49 million in loan
from the ADB, said deputy minister of finance Vakhtang Mirumyan. The
loan will be extended for 25 years at 2% per annum, in two tranches –
$20 million in 2014 and $29 million in 2015.

The loan funds will be spent on budget financing and macroeconomic
stability measures, he said. -0–

From: Emil Lazarian | Ararat NewsPress

http://arka.am/en/news/economy/armenian_parliament_ratifies_loan_agreements_worth_75mln_and_49mln/#sthash.E5jhpAfN.dpuf
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
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