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Armenian MP asks to freeze farmers' loans due to consequences of hail
May 15, 2013 | 12:35
YEREVAN. - An independent deputy of the Armenian parliament Edmon
Marukyan sent a letter to the chairman of the Central Bank of Armenia
(CBA) Arthur Javadyan requesting to discuss with commercial banks the
issue of freeze on loans granted to the villagers.
In a letter to the CBA chairman, Marukyan said he had been approached
by residents of Armavir and Aragatsotn regions who told that hail
damaged crop acreage and orchards of thousands of farms.
`Deprived of the harvest, and having no other source of income, these
people have found themselves in a desperate situation. Under existing
circumstances, borrowers cannot even take care of their families, not
to mention the repayment of loans. Many of them have already made
the decision to leave the country to work abroad,' the letter reads.
Marukyan asked to consider the possibility of freezing loans granted
to the farmers by commercial banks and to give borrowers time to
recover from the suffered damage.
News from Armenia - NEWS.am
From: Baghdasarian
May 15, 2013 | 12:35
YEREVAN. - An independent deputy of the Armenian parliament Edmon
Marukyan sent a letter to the chairman of the Central Bank of Armenia
(CBA) Arthur Javadyan requesting to discuss with commercial banks the
issue of freeze on loans granted to the villagers.
In a letter to the CBA chairman, Marukyan said he had been approached
by residents of Armavir and Aragatsotn regions who told that hail
damaged crop acreage and orchards of thousands of farms.
`Deprived of the harvest, and having no other source of income, these
people have found themselves in a desperate situation. Under existing
circumstances, borrowers cannot even take care of their families, not
to mention the repayment of loans. Many of them have already made
the decision to leave the country to work abroad,' the letter reads.
Marukyan asked to consider the possibility of freezing loans granted
to the farmers by commercial banks and to give borrowers time to
recover from the suffered damage.
News from Armenia - NEWS.am
From: Baghdasarian