ARMENIA TO BE GRANTED RUSSIAN "STABILIZATION" LOAN LATE MAY OR EARLY JUNE

PanARMENIAN.Net
27.03.2009 11:33 GMT+04:00

/PanARMENIAN.Net/ Armenia will be granted a $500 million
"stabilization" loan from the Kremlin in late May or early June,
said a spokesperson for the RA Ministry of Finance.

The final agreement on terms of transfer will be signed in late April,
Irina Aivazyan said.

The preliminary agreement supposes a state loan with a 15 year
maturity, including 4 years of grace period and Libor+3 interest rate.

The loan is granted to alleviate consequences of the global crisis
in the republic.