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Time in Yerevan: 11:07,   29 March 2024

WB official on Armenia’s second issue of Eurobonds

WB official on Armenia’s second issue of Eurobonds

YEREVAN, 31 MARCH, ARMENPRESS. The issue of state bonds is considered justified, if the loan is used to create infrastructures for production that can generate income and help economic recovery. This is what World Bank Country Manager for Armenia Laura Bailey informed as she talked about Armenia’s second issue of Eurobonds. According to her, the important thing is at what interest rate the government is receiving a loan.

“When any loan is taken, the important thing is how it will be used. The Government of Armenia says it will be using the loan for two purposes-a part of the loan will be used to pay off the former debts, and the other part will be used to fill the fiscal gap that will emerge this year due to the weakened economy,” she mentioned, as “Armenpress” reports. According to Bailey, the loan is spent efficiently, if it fosters economic activity.








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