{"id":93812,"date":"2015-12-18T15:02:58","date_gmt":"2015-12-18T15:02:58","guid":{"rendered":"https:\/\/armbanks.am\/2015\/12\/18\/244006\/"},"modified":"2024-12-15T13:21:35","modified_gmt":"2024-12-15T13:21:35","slug":"parliament-ratifies-two-loan-agreements","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2015\/12\/18\/93812\/","title":{"rendered":"Parliament ratifies two loan agreements"},"content":{"rendered":"<p><strong>YEREVAN, December 18. \/ARKA\/.<\/strong> At an extraordinary meeting on Friday the parliament ratified a $300 million loan agreement Armenia signed with the Eurasian Fund for Stabilization and Development of the Eurasian Development Bank on November 4, 2015.<\/p>\n<p>According to deputy finance minister Atom Janjughazyan, the loan will be disbursed in three tranches each $100 million at 2.1% interest rate. The loan is repayable within 20 years. The grace period is 10 years.<\/p>\n<p>He said the loan will be used to enforce a package of reforms to neutralize short-term and mid-term risks and eliminate obstacles hampering economic growth.<\/p>\n<p>The parliament also ratified a $50 million loan agreement Armenia signed with the International Bank for Reconstruction and Development (IBRD) on December 10, 1015.<\/p>\n<p>According to Atom Janjughazyan, the loan is provided with a floating interest rate of six-month LIBOR + fixed spread. The loan is repayable within 25 years with. The grace period is 14.5-years. Janjughazyan, said the loan will be used to promote a wide range of reforms ensuring fiscal, social and environmental sustainability and strengthening Armenia&#8217;s competitiveness.<\/p>\n<p>Since 1992 when Armenia joined the World Bank and the International Development Association (IDA) in 1993, it has been provided with a total of $2.2 billion assistance. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At an extraordinary meeting on Friday the parliament ratified a $300 million loan agreement Armenia signed with the Eurasian Fund for Stabilization and Development of the Eurasian Development Bank on November 4, 2015<\/p>\n","protected":false},"author":1,"featured_media":171164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[12335,12579,12294,12309],"class_list":{"0":"post-93812","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-budget","10":"tag-edb","11":"tag-loan","12":"tag-parliament"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/93812","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=93812"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/93812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/171164"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=93812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=93812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=93812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}