Exciting news from Yerevan! The parliament’s committee on fiscal and budgetary affairs has given the green light to a 75-million-euro budgetary support loan agreement between Armenia and the French Development Agency. This loan is set to improve public services, boost private investments, and enhance the overall quality of life for the citizens of Armenia.
Deputy Finance Minister Eduard Hakobyan highlighted the positive impact this loan will have on the country, emphasizing the importance of sustainable development and inclusivity.
This agreement is just the beginning, as the government is also planning to submit loan agreements with the Eurasian Development Bank and the International Bank for Reconstruction and Development for ratification. These budgetary support loans will play a crucial role in funding the budget deficit and driving economic growth in Armenia.
Stay tuned for more updates on this exciting development as the bill makes its way to the upcoming plenary session for further discussion and approval.
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