Armenia to take 92,3 million euro loan from International Bank for Reconstruction and Development

YEREVAN, OCTOBER 11, ARMENPRESS. The parliament’s committee on financial-credit and budgetary affairs approved on Friday a bill on ratifying a loan agreement between Armenia and the International Bank for Reconstruction and Development for the Green, Sustainable and Inclusive Development Policy.

“This is about a 92,3-million-euro loan. Parallel to involving this loan we also have an agreement that a 16-million-dollar grant will be involved from the same fund, which will fund the programs implemented for our compatriots of Nagorno Karabakh,” deputy minister of finance Eduard Hakobyan told lawmakers.