Armenia to get loan from Eurasian Bank

Armenia to get loan from Eurasian Bank

Armenia will receive a $300-million preferential and long-term budgeting loan from the Eurasian Bank. The draft agreement on getting this amount was approved at the Cabinet session today.

"This loan will be provided to fund the state budget expenditures. The loan term is 20 years, the grace period is 10 years and the interest rate is 2.1%. The loan will be provided in three tranches comprising $100 million and no later than March 31, 2018," NEWS.am cited the Minister of Finance, Gagik Khachatryan, as saying.

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