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Armenia To Get Extra 20 Million Euro From KfW

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  • Armenia To Get Extra 20 Million Euro From KfW

    ARMENIA TO GET EXTRA 20 MILLION EURO FROM KFW

    PanARMENIAN.Net
    08.04.2009 21:39 GMT+04:00

    /PanARMENIAN.Net/ Mortgage credits total AMD 84 billion in Armenia,
    Central Bank chairman Arthur Javadyan said.

    He also informed that KfW's program implemented through the
    German-Armenian Fund has 1 million euro balance and negotiations for
    extra 20 million euro are underway.

    "There is another program envisaging creation of mortgage fund with
    AMD 5 billion as initial capital," he said.

    From: Emil Lazarian | Ararat NewsPress
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