The draft loan agreement was approved during the meeting of the Armenian government on Thursday, November 9. The means will be issued by tranches of 40 million in 2017-2018. The interest rate for each of the tranches will be approved at the moment of issue.
The credit will be issued for 15 years, with a grace period of five years. In addition to this credit, grants for technical support amounting to 8.3 million euros will be issued.
German bank to provide Armenia with €80-million loan
10 November 2017
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German bank kfW will issue a loan to Armenia amounting 80 million euros for general budget support (for covering the budget deficit).
