“Armenia Secures €75 Million Loan Agreement with French Agency for Development for Agricultural Support Program”

The Armenian government secured a 75 million euro loan from the French Agency for Development. The loan aims to support agricultural programs, including planning, irrigation, risk management, and public expenditure improvements. It also focuses on areas such as public procurement, urban development, climate change adaptation, and financial tools expansion. The loan is conditional upon political cooperation and various reforms, including financial market development and corporate governance. The successful implementation of the loan requires timely receipt of funds and adherence to the Armenian government’s budget for 2024.