YEREVAN, June 17. /ARKA/. German KfW will provide a 205 million euros soft loan and a grant worth about 4.8 million euros to Armenia for a number of programs.

The respective agreement was signed by the minister of finance Gagik Khachatryan and German ambassador to Armenia Rayner Morel in Yerevan yesterday, the press office of Armenia’s ministry of finance reported.

The grant will be spent on implementation and coordination of a number of programs, including “Financing of housing areas, stage 4”, “Efficient energy use in micro, small and medium enterprises”, “Modernization at schools to enhance energy efficiency”, “Integrate water management on Akhuryan river, phase 2” and “Municipal structures, stage 2”.

The soft loan funds will be used for implementation of the same programs, as well as for “Caucasus energy union, phase 3” (high-voltage electricity lines between Armenia and Georgia).–0—