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ALMOST 20% OF THE RUSSIAN $500MLN CREDIT HAS ALREADY BEEN LENT TO ARMENIAN LEGAL ENTITIES
ArmInfo
2009-08-28 17:08:00
ArmInfo. Almost 20% of the Russian $500mln credit has already been
lent to Armenian legal entities. Minister of Finance of Armenia Tigran
Davtyan said during a press-conference today.
Big part of the money will be given to the real sector. 38.6bln AMD
has already been lent to beneficiaries.
The distribution process may take some time as it requires decisions by
the government, the central bank, commercial banks. "These procedures
must be conducted very effectively so we can be sure that the money
will be paid back," Davtyan said.
The credit agreement with Russia has been signed for 15 years at
Lbor+3 terms. This year the Government has allocated almost $50mln
for development of SME and $50mln more will be lent in the framework
of the WB's SME support program.
ArmInfo
2009-08-28 17:08:00
ArmInfo. Almost 20% of the Russian $500mln credit has already been
lent to Armenian legal entities. Minister of Finance of Armenia Tigran
Davtyan said during a press-conference today.
Big part of the money will be given to the real sector. 38.6bln AMD
has already been lent to beneficiaries.
The distribution process may take some time as it requires decisions by
the government, the central bank, commercial banks. "These procedures
must be conducted very effectively so we can be sure that the money
will be paid back," Davtyan said.
The credit agreement with Russia has been signed for 15 years at
Lbor+3 terms. This year the Government has allocated almost $50mln
for development of SME and $50mln more will be lent in the framework
of the WB's SME support program.