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Armenia may reckon on $1.1 billion from Eurasian Economic Union’s anti-crisis fund

25.02.2016 16:08

Armenia may reckon on $1.1 billion from Eurasian Economic Union’s anti-crisis fund

YEREVAN, February 25. /ARKA/. Armenia may reckon on $1.1 billion from the Eurasian Economic Union’s anti-crisis fund, Armenian Deputy Finance Minister and Chief Treasury Secretary Atom Janjughazyan said Wednesday in the National Assembly.

Armenia has its $1 million in the anti-crisis fund, and this share allows the country to borrow $1.1 billion from it.

“Three loans have already been approved for Armenia – a $300-million budgetary support loan for 2015-2017, a $150-million loan for construction of North-South motor road and a $40-million loan for solution of problems in irrigation system,” Janjughazyan said.

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