Armenian Government Provides 6 mln Euros to Central Bank

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Economy

29.08.2008, 02:41

Armenian Government will provide a 6mln Euros guarantee to the Central Bank.

YEREVAN, August 28. /ARKA/. Armenian Government will provide a 6mln Euros guarantee to the Central Bank.

The guarantee is provided as required by the agreement on mortgage lending signed between the Central Bank and the German KfW bank on December 28 2007, Armenia’s Minister of Finance Tigran Davtyan reported.

Under the agreement, the loan will be allocated only if the Government provides a guarantee for the same amount. –0--

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