ArmInfo. On March 19, the RA Government approved the signing of an agreement with Germany on financial cooperation. It was proposed to Armenia back in 2018. This is stated in the reference justification of the draft decision of the Government of Armenia. According to the source, within the framework of the agreement, the German government provides an opportunity for the Armenian government to attract loans and financial assistance for a number of programs of the German Development Bank KfW.
In particular, under the program "Development of Renewable Energy" Armenia can receive a soft loan of up to 20 million euros and financial assistance for the implementation of activities in the amount of up to 2.1 million euros, within the framework of the program "On Biodiversity and Sustainable Local Development in Armenia" - EUR 23.2 million of financial assistance.
Under the "Housing Financing V program Armenia'', a preferential loan of up to 20 million euros can be provided, and financial assistance for the implementation of activities under the program up to 375 thousand euros.
At the same time, under the agreement, Armenia has the opportunity to receive a loan of up to 25 million euros under the program "Trade Promotion through the German-Armenian Fund" and up to 400 thousand euros as financial assistance for the implementation of these measures. The report also says that part of the above agreements has already been signed and is under implementation.
