Armenia’s $100 million loan agreement with EFSD approved by National Assembly’s  committee

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ЕФСР Евразийский фонд стабилизации и развития

YEREVAN, 11 October. /ARKA/. The Armenian Parliament’s Committee on Financial  and Budgetary Affairs approved  a $100 million loan agreement with the Eurasian Fund for Stabilisation and Development (EFSD) on Friday.

According to  Deputy Finance Minister Eduard Hakobyan, the funds under the agreement will be used to finance the 2024 state budget deficit.

‘The agreement includes economic reforms of the government,’ Hakobyan said during the discussion on ratification of the agreement.

The agreement was signed on 20 May 2024, the loan is to be repaid in  US dollars. The maturity date is 31 December 2024.-0-

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