Tuesday, October 27 2020 15:18
Alexandr Avanesov

Armenia to attract $ 17.9 million from IBRD for implementation of  social investment and local development program

Armenia to attract $ 17.9 million from IBRD for implementation of  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. At a plenary session on October 27, the Armenian  parliament ratified the corresponding agreement with the Bank.

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 loans, $  6.3 million - the government's participation in the project, and $  1.1 million - for local governments. The loan was provided for a  period of 25.5 years, of which 14.5 years - 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 ($ 6.2 million, of which $ 5 million is a loan),  assistance to intercommunal development ($ 16.7 million, of which $  12 million is a loan) and strengthening opportunities Territorial  Development Fund ($ 6.5 million) This is, in particular, about the  operational work on the repair or construction of kindergartens,  local roads, small water supply networks, etc. It is also planned to  continue work on reforming the local 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.  As the deputy minister noted, this  program is the second. The first program raised $ 30 million 


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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