Bank Of Baku

Agreement signed on Russia’s granting $500 million loan to Armenia

Agreement signed on Russia’s granting $500 million loan to Armenia
# 09 February 2009 17:04 (UTC +04:00)
The loan covers 15 years and will be concessional in the first 4 years. The agreement does not lay any others obligations on Armenia.

Armenia also plans to receive approximately $500 million loan from the World Bank, Asian Development Bank and European Bank for Reconstruction and Development.
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THE OPERATION IS BEING PERFORMED