YEREVAN, September 4. /ARKA/. During a meeting on Thursday, the Armenian government sanctioned a proposal to finalize a EUR 45 million loan agreement between the Republic of Armenia and the European Bank for Reconstruction and Development (EBRD) aimed at establishing a customs and logistics center in Yerevan.
According to the rationale provided, it is intended to formalize a loan and grant agreement between the Republic of Armenia and the EBRD for the construction of the center in Yerevan, catering to the requirements of the State Revenue Committee.
The financing plan includes a total of EUR 45 million for Armenia, comprising EUR 39 million in loan resources and EUR 6 million in grant assistance.
About the EBRD
The European Bank for Reconstruction and Development (EBRD) stands as one of the foremost institutional investors in Armenia. The bank’s primary objectives in Armenia include enhancing the competitiveness of enterprises and bolstering financial sector intermediation through risk-sharing instruments.
Since its inception in Armenia, the EBRD has allocated €2.4 billion across 220 initiatives in sectors such as energy, infrastructure, telecommunications, and finance.-0-
