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France allocated money to Armenia again

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France will give a 75 million euro loan (20 years) to Armenia.

Axar.az reports that the Minister of Finance of Armenia Vahe Hovhannisyan said this at the meeting of the Armenian government.

The minister noted that the corresponding loan agreement between Armenia and the French Development Agency was signed on June 26.

According to him, this is the second stage of the program, and the first one ended in 2022:

"The project is implemented jointly with the Asian Development Bank, and a loan agreement is expected to be signed with it soon. The funds will be used to finance the budget deficit."
Date
2024.08.08 / 16:37
Author
Axar.az
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