Armenian government okays €5.3 million loan agreement with KfW bank

The Armenian government today okayed the €5.3 million loan agreement between the Armenian Ministry of Finance and the Reconstruction Credit Institute (KfW Development Bank). The funds will be allocated for the agricultural insurance scheme support program.

The program is aimed at implementation of an agricultural insurance system in Armenia, meant to protect economic entities from climate risks.

According to the agreement, the project will be financed pari passu by Armenia and Germany.

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