Armenia to provide 20 bln AMD loan to Artsakh

YEREVAN, OCTOBER 27, ARMENPRESS. Armenia will provide 20 billion drams inter-state loan from its state budget to the government of the Republic of Artsakh.

The decision was approved today at the Cabinet meeting.

The inter-state loan is provided to Artsakh at an annual interest rate of 0.01%, with a maturity date of January 1, 2026.

The funds will be provided for building and equipping residential houses in Artsakh for the people displaced as a result of the 2020 war, as well as for financing the obligations to the banks.