Thursday, March 23 2023 12:49
Naira Badalian

Armenia to get EUR 92.3mln WB loan for budget deficit coverage 

Armenia to get EUR 92.3mln WB loan for budget deficit coverage 

ArmInfo.Armenia's government has approved a proposal to sign a 92.3mln Euro loan agreement between Armenia and the World Bank (WB) for financing the 2023 budget  deficit. 

Reforms in a number of areas under a bilateral political action plan  is a condition for the allocation of funds. 

The project provides for alleviation of the consequences of climate  change and legal reforms involving nature management, promotion of  equality and human capital development, enhancing corruption control  and judicial efficiency.  

The loan will be issued for 19 years, with a 5-year grace period. 

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