EBRD to allocate Euro 180 million for RA economy development

June 10, 2009 - 18:35 AMT
PanARMENIAN.Net - European Bank for Reconstruction and Development (EBRD) announced an intention to allocate Euro 180 million for RA economy development in 2009 - 2010. The bank plans to fund 30 projects implementation to allow RA to overcome financial crisis consequences.



In current circumstances, EBRD follows the policy of supporting medium-sized and small business, providing necessary funding through partner banks, the announcement said.



Besides, EBRD will offer RA banks credits for energy-saving as well as structural reform projects, on share holding terms. Total EBRD investments for 64 projects' implementation in Armenia comprised over Euro 240 million, slon.ru reported.
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