{"id":110948,"date":"2017-11-10T10:39:04","date_gmt":"2017-11-10T10:39:04","guid":{"rendered":"https:\/\/armbanks.am\/2017\/11\/10\/246869\/"},"modified":"2024-12-15T13:31:26","modified_gmt":"2024-12-15T13:31:26","slug":"armenia-to-receive-e80-million-budget-supporting-loan-from-germanys-kfw","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2017\/11\/10\/110948\/","title":{"rendered":"Armenia to receive \u20ac80-million budget-supporting loan from Germany\u2019s KfW"},"content":{"rendered":"<p><strong>YEREVAN, November 10. \/ARKA\/.<\/strong> Armenia will receive a \u20ac80-million budget-supporting loan from Germany\u2019s KfW Bank, Vardan Aramyan, Armenian finance minister, said Thursday at a regular cabinet meeting.<\/p>\n<p>At their meeting, the cabinet ministers upheld an appropriate loan agreement.<\/p>\n<p>\u201cThe loan will be provided in two tranches &#8211; \u20ac40 million in 2017 and the remaining \u20ac40 million in 2018,\u201d Aramyan said.<\/p>\n<p>In his words, the loan terms are quite preferential, compared with the Armenian government bonds at the world market.<\/p>\n<p>In particular, the loan is provided for 15 years with a five-year grace period at 2.4% annual interest rate, and the effective interest rate is 2.55%.<\/p>\n<p>The minister singled out water economy, solid waste management and agriculture insurance mechanisms among the areas where this money will be spent.<\/p>\n<p>KfW will also provide another \u20ac8.3 million as technical assistance grant.<\/p>\n<p>\u201cThis budget-supporting loan is in tune with the indicator of the budget support for financing deficit in the 2017 government budget &#8211; $220 million, of which \u20ac40 million will be repaid from this loan.\u201d -0&#8212;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia will receive a \u20ac80-million budget-supporting loan from Germany\u2019s KfW Bank, Vardan Aramyan, Armenian finance minister, said Thursday at a regular cabinet meeting<\/p>\n","protected":false},"author":1,"featured_media":181127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,15690,12294,308],"class_list":{"0":"post-110948","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-kfw-2","11":"tag-loan","12":"tag-308"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/110948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=110948"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/110948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/181127"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=110948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=110948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=110948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}