Gov task force revises requirements for granting loan guarantees

Armenian government’s task force revises requirements for granting loan
guarantees to developers

YEREVAN, April 18. /ARKA/. The RA Government’s task force has revised
requirements for offering loan guarantees to developers, the RA
Government’s press service reports.

The executives have given a priority to projects with 50% readiness
level, compared to previous 75%.

Last week, the task force agreed on offering developers 20bln drams
worth state guarantees at the initial stage. Z. Sh. `0–

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/2009/04/19/gov-task-force-revises-requirements-for-granting-loan-guarantees/

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