ArmInfo.Armenia will attract a 50 million euro loan from the OPEC Fund for International Development as part of the Second Green, Inclusive and Sustainable and Development Policy Program. The agreement is currently being discussed for ratification at an extraordinary session of the National Assembly of the Republic of Armenia on December 5. According to RA Finance Minister Vahe Hovhannisyan, this is a budget assistance program that also involves the World Bank. The loan funds will be used to finance the country's state budget deficit for 2024, which amounts AMD 482.9 billion. To address this issue, it is planned to secure credit resources in the amount of $450 million. The OPEC fund loan is provided for a period of 18 years, with a grace period of 5 years for payments, and an annual interest rate of a floating 6-month EURIBOR + 1.56%, which as of December 2 is 4.235%.
