The fund`s board decided to continue works on preparation of the final program of financing and confirmed the appeal for presenting Armenia a loan of $40m from the fund for the program of `Modernizing irrigation systems`.
The loan is provided under annual 2%, the term of payment is 20 years including 10 years of preferential term.
The Armenian Ministry of Finances and the Ministry of Finance of Russia have signed an agreement on allocation of a grant, which envisages a financial aid of $14.1 to the Finance Ministry of Armenia for implementation of the plan of actions on Armenia`s accession to the Customs Union and the single economic space.
An agreement on provision of $200m to Yerevan by Moscow for arms purchase was reached in late June.
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