YEREVAN, October 2. /ARКА/. During a meeting held on Thursday, the Armenian government decided to extend the final access period for loans from the European Investment Bank (EIB).
The financing agreement, which was signed on June 24, 2014, stipulated the provision of €25.5 million in loan funds to Armenia. However, following a proposal from the Ministry of Finance and with the agreement of the EIB, approximately €8.8 million of the loan funds were cancelled, resulting in a total of approximately €16.66 million.
The second amendment to the financing agreement has extended the availability of the loan until December 31, 2024. Within this timeframe, €13.6 million has been disbursed, leaving an undisbursed amount of €3.06 million.
It is anticipated that the final deadline for the accessibility of EIB loan funds will be further extended until December 30, 2025, with the project expected to be completed by December 31, 2026. Additionally, corresponding adjustments will be made to the deadlines for submitting information and reports related to the project’s implementation.-0-
