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Armenia signs with KfW three loan agreements totaling €60 million

09.12.2019 16:24

Armenia signs with KfW three loan agreements totaling €60 million

YEREVAN, December 9. /ARKA/. Head of the Central Bank of Armenia Arthur Javadyan and German's KfW Bank Regional Director Olaf Zymelka signed Saturday three loan agreements totaling €60 million (€20 million each), the press office of the central bank reports.

One of these loans are intended for a program of financing Armenia's farmers, the second one for stable development of mortgage market and the third for spurring the development of renewable energy.

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