{"id":92752,"date":"2015-11-12T13:30:49","date_gmt":"2015-11-12T13:30:49","guid":{"rendered":"https:\/\/armbanks.am\/2015\/11\/12\/243805\/"},"modified":"2024-12-15T13:20:56","modified_gmt":"2024-12-15T13:20:56","slug":"government-approves-85-5-million-loan-agreement-with-asian-development-bank","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/11\/12\/92752\/","title":{"rendered":"Government approves $85.5 million loan agreement with Asian development bank"},"content":{"rendered":"<p><strong>YEREVAN, November 12. \/ ARKA \/.<\/strong> The Armenian government has approved today a loan agreement signed October 19, 2015 with the Asian Development Bank to the tune of $85.5 million. The money is to be used to improve the seismic safety of schools.<\/p>\n<p>Minister of finance Gagik Khachatryan said payments on the loan will be made once every six months. The interest rate is 2%, the repayment term is 25 years of which 5 years is a grace period.\u00a0 He said the agreement is now in the process of ratification.<\/p>\n<p>The loan will be used to improve 370 schools across the country in the period from 2015 to 2030, which will meet all the standards of seismic resistance construction. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Armenian government has approved today a loan agreement signed October 19, 2015 with the Asian Development Bank to the tune of $85.5 million. 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