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Armenia will receive a credit of one hundred million euros

2011-07-14 15:45

In order to help to overcome the economic crisis the European Union has decided to allocate Armenia a loan of one hundred million euros. As reported by "Trend", 65 million euros will be provided in the form of a loan, and 35 million - in the form of a grant. Allocation of these funds was provided under the economic programs agreed between Armenia and the IMF.

The first tranche of 40 million euros Armenia will receive immediately after approval the conditions of the package of financial assistance by Parliament. The rest will be allocated at the end of this year.

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