ArmInfo. During its regular session on October 30, the Armenian government approved the signing of loan and grant agreements under the Transformative Housing Reforms for Improved Vitality and Empowerment (THRIVE) program between the Republic of Armenia and the Asian Development Bank.
As stated in the explanatory note to the document, by a Cabinet decision dated May 16, 2024, Armenia is implementing a state support program to provide housing to families internally displaced from Nagorno- Karabakh. Currently, 3,100 families have received certificates under the program, with 1,140 families having already utilized them. Over 2 billion drams have already been disbursed from the state budget under the program. The $250 million loan will be provided on the following terms: a floating interest rate, a loan disbursement deadline of December 31, 2030, and an annual interest rate of SOFR + 0.8% margin (taking into account the SOFR rate on September 29, 2025, which is 4.13%, the floating interest rate on the loan will be 4.93%). The reserve fee is 0.15% per annum, calculated on the unused loan amount. The principal will be repaid in 34 equal semi-annual payments from December 15, 2035, to June 15, 2052. The loan term is 27 years, including a 10-year grace period. Loan servicing payments are due semi-annually, on June 15 and December 15 of each year.
