The Armenian Government will supplement the budget deficit with a new loan. At the Cabinet meeting on 9 November, the executive approved the draft agreement on allotting 80 million Euros from the German Development Bank (KfW). This budgetary support will be directed at implementation of reforms in water and solid waste sector and implementation of agricultural insurance mechanisms. The loan of 80 million Euros will be provided in two tranches 40 million Euros per 2017 and 2018.
15:53 November 13, 2017