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Eurasia Development Bank to Loan Armenia $300 Million

The Armenian government today agreed to terms for a US$300 million loan from the Eurasian Development Bank’s (EDB) Fund for Stabilization and Development.

The 20 year loan (annual interest rate of 2.1%) will be allocated in three installments of $100 million.

A precondition for each installment will be the implementation of a reforms program by the Armenian government and the central bank. 

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