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EADB to provide first $100 million tranche of $300 million stabilization loan to Armenia in December

22.10.2015 11:31

EADB to provide first $100 million tranche of $300 million stabilization loan to Armenia in December

YEREVAN, October 21. / ARKA /. The Eurasian Development Bank (EADB) is very likely to provide the first $100 million tranche of a $300 million stabilization loan to Armenia before the end of this year, Dmitry Pankin, the chairman of the Bank’s Board, told ARKA in an exclusive interview.

He said Armenia’s application was approved by expert groups and was submitted to the approval of the Eurasian Fund for Stabilization and Development ((EFSD) Board, run by the Bank.

Pankin said after Armenia’s request is approved formally by EFSD Board, the sides will specify the terms of the loan, which is to be ratified then by the Armenian side.

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