ADB TO ALLOCATE FUNDS FOR DEVELOPMENT OF MORTGAGE MARKET IN ARMENIA

Noyan Tapan
Mar 27 2006

YEREVAN, MARCH 27, NOYAN TAPAN. The Asian Development Bank (ADB)
envisages to allocate funds for the development of the Armenian
mortgage market. NT correspondent was informed at the RA Ministry
of Finance and Economy that the ADB provides credits and grants to
its member states for the purpose of implementing the development
programs which have been given a prioirity. Armenia joined the ADB
in September 2005. The Asian Development Bank’s membership currently
numbers 64 member sttaes, with Japan and the US having the largest
shares in the ADB’s capital.