ArmInfo. On December 19, at a regular meeting, the Government of Armenia approved a proposal to sign additional agreement No. 1 to the agreement .

ArmInfo.

ArmInfo. The National Assembly of Armenia ratified the protocol on granting the Eurasian Fund for Stabilization and Development the status of an independent  international organization at its plenary session on December 4. 

ArmInfo.

ArmInfo. The Eurasian  Development Bank will provide Armenia with a $200 million loan from  the Eurasian Fund for Stabilization and Development for the  construction of the Kajaran tunnel. Discussions are currently  underway at the plenary session of the National Assembly of the  Republic of Armenia on December 3 regarding the agreement with the  Bank that has been submitted for ratification.

ArmInfo. The Eurasian Fund  for Stabilization and Development (EFSD) will become a fully independent international organization with the ability to finance  projects and programs in the national currencies of the EFSD member  states. 

ArmInfo. The Eurasian Fund for Stabilization and Development (EFSD) will be transformed into a fully independent international organization with the possibility of  financing projects and programs in the national currencies of the  EFSD member states. At a meeting on November 25, the Committee of the  National Assembly of the Republic of Armenia on Financial, Credit and  Budgetary Issues issued a positive conclusion on the draft protocol  on amendments to the regulation on the establishment of the Fund,  submitted by the RA government for ratification. 

ArmInfo. Thanks to the "Energy Efficient Regions" project, the energy consumption of public buildings in Armenia has decreased by 40%. This was announced during  an expert consultation by Karen Asatryan, Director of the "Energy  Saving and Renewable Energy Fund of Armenia" of the MTUI of Armenia.

ArmInfo.The excavation of a 360-meter tunnel and concreting of road infrastructure components has  begun on the section of the North-South highway corridor from Agarak to Kajaran (4th stage). This was reported by the Road Department Foundation, adding that the project is being implemented according to schedule.

ArmInfo. Armenia intends to attract $1.3 billion in loans for the construction of the southern section of the North-South road corridor investment program alone. This was stated by Kristine Galechyan, the Deputy Minister of  Territorial Administration and Infrastructure of the Republic of Armenia on November 6.

ArmInfo.The Eurasian Fund for Stabilization and Development, whose funds are managed by the Eurasian Development Bank, will provide Armenia with a loan of $100 million. The National Assembly of the Republic of Armenia discussed the draft law on ratification of the relevant agreement with the EDB at a plenary session on October 23. 

ArmInfo. The Eurasian Fund for Stabilization and Development will provide Armenia with a loan of $200 million to finance the construction of the Kajaran tunnel. At a meeting on August 15, the RA government approved the draft law "On ratification of the agreement between the Republic of Armenia and the Eurasian Development Bank", which manages the EFSD funds.

ArmInfo.

ArmInfo.

ArmInfo. The Republic of Armenia  and the Eurasian Development Bank (EDB) will sign a loan agreement  for the provision of an investment loan in the amount of $200 million  from the Eurasian Fund for Stabilization and Development (EFSD) to  finance the project within the  framework of the road corridor investment program.  The  proposal to sign the document was approved by the Cabinet of  Ministers on July 25. 

ArmInfo. In the medium term,  Armenia will need loans in the amount of $400-450 million per year to  cover the budget deficit. This is stated in the draft decision of the  Cabinet of Ministers of the Republic of Armenia dated July 25 on the  ratification of the loan agreement with the Eurasian Development Bank  (EDB) for the provision of $100 million from the Eurasian Fund for  Stabilization and Development (EFSD). 

ArmInfo. The Eurasian Fund for Stabilization and Development (EFSD) held a seminar on effective  procurement and financial management when implementing projects in the Republic of Armenia.

ArmInfo. The Eurasian Fund for Stabilization and Development (EFSD) will provide Armenia with a $2  million grant to implement a program to improve the quality of financial reporting of public sector organizations. At a meeting on July 18, the RA Government approved a draft decree of the RA President approving an agreement with the fund.

ArmInfo.

ArmInfo.The North-South Road Corridor Investment Program, which was planned to be completed within  4-5 years, spending less than $1 billion, has been implemented by 10% to date, and the amount of loans attracted by the end of May 2024 amounted to $800.7 million. At the same time, after 12 years, those responsible for the project are afraid to talk about either the timing of its completion or its final cost.