Friday, October 23 2020 13:30
Alexandr Avanesov

Armenia to borrow $ 17.9 million from IBRD to implement social  investment and local development program

Armenia to borrow $ 17.9 million from IBRD to implement social  investment and local development program

ArmInfo. Armenia will attract $ 17.9 million from the International Bank for Reconstruction and Development to implement the program of social investments and  local development. The Parliamentary Commission on Financial-Credit  and Budgetary Issues at a meeting on October 23 issued a positive  opinion on an agreement with the Bank, recommending to the National  Assembly at a plenary meeting to ratify the submitted document.

As Deputy Minister of Territorial Administration and Infrastructures  of the Republic of Armenia Vache Terteryan noted in his speech, the  agreement was signed on April 21, 2020. The total amount of the  program is $ 25.4 million, of which $ 17.9 million will be loan  funds, $ 6.3 million - the government's participation in the project,  and $ 1.1 million - from local governments. The loan was provided for  a period of 25.5 years, of which 14.5 years is a grace period for  payments with an interest rate of 6 months EURIBOR + floating spread.

The program consists of three components - promoting the  socio-economic development of communities and strengthening their  capabilities, promoting inter-community development and strengthening  the capabilities of the Territorial Development Fund. In particular,  we are talking about the operational work on the repair or  construction of kindergartens, local roads, small water supply  networks, etc. It is also envisaged to continue work on reforming the  local self-government system in order to increase its efficiency. In  addition, it is planned to strengthen the capabilities of the  Territorial Administration Fund, which, in addition to its main  activities, will develop programs for the development of local  communities. 


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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000