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June 9, 2012 Saturday
Armenia : IDA and EBRD award US $37 million loan to Armenia
International Development Association (IDA) and European Bank for
Reconstruction and Development (EBRD) have awarded US $37 million loan
to Armenia.
IDA and EBRD, which are World Bank Group members, awarded the loan in
May 2012. On March 20, Armenia s National Assembly approved the
financing contract, which was inked between Armenia and IDA, and the
loan deal, which was signed between Armenia and EBRD on February 15,
2012.
As these amounts were not part of the State Budget, the Government on
Thursday obliged to redistribute the sources for financing the Budget
shortage.
From: Baghdasarian
June 9, 2012 Saturday
Armenia : IDA and EBRD award US $37 million loan to Armenia
International Development Association (IDA) and European Bank for
Reconstruction and Development (EBRD) have awarded US $37 million loan
to Armenia.
IDA and EBRD, which are World Bank Group members, awarded the loan in
May 2012. On March 20, Armenia s National Assembly approved the
financing contract, which was inked between Armenia and IDA, and the
loan deal, which was signed between Armenia and EBRD on February 15,
2012.
As these amounts were not part of the State Budget, the Government on
Thursday obliged to redistribute the sources for financing the Budget
shortage.
From: Baghdasarian