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ARMENIA TO USE PROCEEDS FROM EUROBONDS TO REPAY RUSSIAN LOAN
17:22 03.10.2013
Hasmik Dilanyan
Public Radio of Armenia
Armenia will use the proceeds from Eurobonds to repay the $440 mln
Russian loan and the interests. The decision was made during today's
sitting of the Government.
According to Minister of Finance David Sargsyan, 60 billion AMD will
be allocated to the Central Bank of Armenia for crediting of small and
medium-sized enterprises. Another 3.9 billion will provided to the "SME
Investments" Universal Credit Organization. Besides, 29 billion will
be allocated to amend the foreign debt management strategy, which will
create favorable conditions for the provision of low-interest loans
According to Prime Minister Tigran Sargsyan, the issuance of Eurobonds
allows to improve the balance of payments and expect better execution
of next year's state budget.
http://www.armradio.am/en/2013/10/03/armenia-to-use-proceeds-from-eurobonds-to-repay-russian-loan
/
17:22 03.10.2013
Hasmik Dilanyan
Public Radio of Armenia
Armenia will use the proceeds from Eurobonds to repay the $440 mln
Russian loan and the interests. The decision was made during today's
sitting of the Government.
According to Minister of Finance David Sargsyan, 60 billion AMD will
be allocated to the Central Bank of Armenia for crediting of small and
medium-sized enterprises. Another 3.9 billion will provided to the "SME
Investments" Universal Credit Organization. Besides, 29 billion will
be allocated to amend the foreign debt management strategy, which will
create favorable conditions for the provision of low-interest loans
According to Prime Minister Tigran Sargsyan, the issuance of Eurobonds
allows to improve the balance of payments and expect better execution
of next year's state budget.
http://www.armradio.am/en/2013/10/03/armenia-to-use-proceeds-from-eurobonds-to-repay-russian-loan
/