AGREEMENT SIGNED ON RUSSIA’S GRANTING $500 MILLION LOAN TO ARMENIA

APA
Feb 9 2009
Azerbaijan

Yerevan – APA. Initial agreement was signed on Russia’s granting
$500 million loan to Armenia, Armenia’s Ministry of Finance said,
APA reports.

The loan covers 15 years and will be concessional in the first 4
years. The agreement does not lay any others obligations on Armenia.

Armenia also plans to receive approximately $500 million loan from the
World Bank, Asian Development Bank and European Bank for Reconstruction
and Development.