AGREEMENT ON DEVELOPMENT CREDIT BETWEEN REPUBLIC OF ARMENIA AND INTERNATIONAL DEVELOPMENT ASSOCIATION RATIFIED

Noyan Tapan
Jun 14 2006

YEREVAN, JUNE 14, NOYAN TAPAN. The RA National Assembly on June 14
ratified the agreement on development credit, which was signed between
the Republic of Armenia and the Internatioanl Development Association
(IDA) on April 7, 2006. The IDA will allocate for Armenia a credit
equivalent to 3.5 mln SDR for the purpose of implementing the renewable
energy program in the country. The credit is repayable over 40 years.