Armenia provides AMD 8,8 bln in intergovernmental loan to Artsakh in two months

Armenia provided 8.8 billion drams (66.2% of the quarterly program) in intergovernmental loan to Artsakh during JanuaryFebruary 2017, according to the finance ministry.

140.7 million drams were received from Georgia in terms of loan obligations for Armenia – providing 100% of the quarterly program. With the purpose of acquiring other participation in shares and capital, 646.3 million drams were provided in January-February – comprising 35,1% of the quarterly planned indicator.

During the reporting period, the balance of loan and grant resources from external sources was added by 1,6 billion drams – instead of using the planned 4,6 billion drams under the first quarter. Armenia’s net external financial assets comprised -10,9 billion drams in January-February (104,8% of the quarterly program) in comparison to the planned 10,4 billion.