NATIONAL ASSEMBLY RATIFIES TWO INTERNATIONAL AGREEMENTS ON APRIL 10

Noyan Tapan
April 10, 2008

YEREVAN, APRIL 10, NOYAN TAPAN. The RA National Assembly on April 10
ratified two international agreements discussed on April 8:

– the Convention on International Trade in Endangered Species of
Wild Fauna and Flora, which was signed in Washigton on March 3, 1973,
and amended in Bonn on June 22, 1979,

– the credit agreement on Water Supply and Sewerage Sector Program,
which was signed between the Republic of Armenia and the Asian
Development Bank on December 18, 2007.

Under this agreement, a credit equivalent to 45 mln USD is provided
to Armenia. The credit shall be repaid in 2016-2039. It has a 1%
annual interest rate during the grace period, later – a 1.5% annual
interest rate, which is to be calculated with respect to the credit
received from the credit account and the sums, which were not repaid
in various periods.