IFC TO HELP ARMENIA DEVELOP PRIMARY AND SECONDARY MORTGAGE MARKET

/PanARMENIAN.Net/
30.07.2009 11:53 GMT+04:00

/PanARMENIAN.Net/ The working group formed of specialists from the
International Finance Corporation (IFC), World Bank, Central Bank of
Armenia, KfW Bank and USAID held its first meeting to exchange views
on mortgage system in Armenia.

The group will assist development of primary and secondary mortgage
market, reorganization of legislation, improvement of loan standards
and successful introduction of international experience.

"The Central Bank of Armenia appreciates highly the IFC participation
in the process," CBA President Arthur Javadyan said.

From: Emil Lazarian | Ararat NewsPress