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Armenia to provide $20 million loan to Karabakh

Armenia to provide $20 million loan to Karabakh
19.08.2015 12:30
The Armenian government will provide a $20.1 million (9 billion 600 million AMD) budget loan to so called 'Nagorno-Karabakh government', the Cabinet decided on Tuesday.

The funds will be allocated in the third quarter of 2015 with a maturity date of September 10, 2020, news.am reports. 

Repayment will be carried out starting from December 2015. Funds will be provided under 8.5% per annum under the budget guarantee of the so called 'NKR government'.
 

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