Tweet
ADB TO ALLOCATE 51.3M SDR TO ARMENIA FOR OVERCOMING CRISIS AFTERMATH
ARKA
September 8, 2009
Yerevan
Constitutional Court of Armenia recognized the loan agreement between
the country and the Asian Development Bank (ADB) on assistance in
overcoming the crisis consequences (special actions) not in conflict
with the country's Constitution.
According to the loan agreement signed on July 15 2009, Armenia will
receive 51 million 378,000 SDR. The main objective of the agreement
is to mitigate the consequences of the current global financial crisis.
Armenian Ministry of Finance considered ratification of the loan
agreement appropriate. The Ministry of Justice said the agreement
does not contradict Armenian laws and does not imply passing of new
laws or amending of the current laws.
The agreement is to come into force as from the day of the notification
sent to the ADB about completion of all internal ratification
procedures.
ARKA
September 8, 2009
Yerevan
Constitutional Court of Armenia recognized the loan agreement between
the country and the Asian Development Bank (ADB) on assistance in
overcoming the crisis consequences (special actions) not in conflict
with the country's Constitution.
According to the loan agreement signed on July 15 2009, Armenia will
receive 51 million 378,000 SDR. The main objective of the agreement
is to mitigate the consequences of the current global financial crisis.
Armenian Ministry of Finance considered ratification of the loan
agreement appropriate. The Ministry of Justice said the agreement
does not contradict Armenian laws and does not imply passing of new
laws or amending of the current laws.
The agreement is to come into force as from the day of the notification
sent to the ADB about completion of all internal ratification
procedures.