YEREVAN, October 25. /ARKA/. The Asian Development Bank’s (ADB) Board of Directors has approved a $40 million policy-based loan to help the Government of Armenia’s ongoing efforts to strengthen fiscal sustainability and support the development of financial markets in the country, the press office of the ADB reported on Wednesday.

“Sound public debt management and well-developed financial markets are essential to Armenia’s long-run growth and sustainable development,” said Shane Rosenthal, Country Director, Armenia Resident Mission, is quoted in the press release.

“We are helping the Government of Armenia implement a series of reforms to increase transparency, improve governance, and encourage more private investment in the country that will create more jobs.”

Categories: Banks @en, General news, News, News of the hour, Новости | Comments Off on Armenia to receive $40 million from ADB for fiscal and financial market reforms

Tags: ADB, Armenia, financial market reforms, LOAN

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