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ARMENIA RECEIVES $37-MILLION LOAN
news.am
June 07, 2012 | 17:10
YEREVAN. - In May 2012, Armenia's State Budget received a US$37-million
loan from the International Development Association (IDA) and the
European Bank for Reconstruction and Development (EBRD), which are
World Bank Group members.
Armenia's National Assembly ratified on March 20 the funding agreement
signed between Armenia and the IDA and the loan agreement signed
between Armenia and the EBRD on February 15, 2012.
But since these amounts were not envisioned in the State Budget,
the Government on Thursday was compelled to redistribute the sources
for funding the Budget deficit.
news.am
June 07, 2012 | 17:10
YEREVAN. - In May 2012, Armenia's State Budget received a US$37-million
loan from the International Development Association (IDA) and the
European Bank for Reconstruction and Development (EBRD), which are
World Bank Group members.
Armenia's National Assembly ratified on March 20 the funding agreement
signed between Armenia and the IDA and the loan agreement signed
between Armenia and the EBRD on February 15, 2012.
But since these amounts were not envisioned in the State Budget,
the Government on Thursday was compelled to redistribute the sources
for funding the Budget deficit.