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Armenian Lawmakers To Discuss Reception Of Loans Worth Some $260 Mil

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  • Armenian Lawmakers To Discuss Reception Of Loans Worth Some $260 Mil

    ARMENIAN LAWMAKERS TO DISCUSS RECEPTION OF LOANS WORTH SOME $260 MILLION

    Vestnik Kavkaza, Russia
    Dec 12 2014

    12 December 2014 - 1:25pm

    The Armenian parliamentary commission for international relations will
    discuss 7 international agreements to receive loans worth a total of
    about $260 million, Tert.am reports.

    The loans will be spent on development of electricity, plumbing and
    services. Armenia has a governmental debt of $4.2 billion, the figure
    may reach $5 billion by the end of 2015. Thus, the country will get
    new loans to pay the old ones.

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