Armenia to be granted Russian "stabilization" loan late May or early June
Armenia will be granted a $500 million "stabilization" loan from the Kremlin in late May or early June, said a spokesperson for the RA Ministry of Finance.
The final agreement on terms of transfer will be signed in late April, Irina Aivazyan said.
The preliminary agreement supposes a state loan with a 15 year maturity, including 4 years of grace period and Libor+3 interest rate.
The loan is granted to alleviate consequences of the global crisis in the republic.
The final agreement on terms of transfer will be signed in late April, Irina Aivazyan said.
The preliminary agreement supposes a state loan with a 15 year maturity, including 4 years of grace period and Libor+3 interest rate.
The loan is granted to alleviate consequences of the global crisis in the republic.
