ADB to Lend Armenia USD300M

The Asian Development Bank is keen on lending some USD300 million to Armenia to fund crucial projects in capital Yerevan, reports. A statement from the Yerevan City Hall said the government was set to submit its loan program to the ADB board in June. Loans are to be issued in tranches to fund the renovation of the Yerevan train station and the acquisition of new city buses.

About the author

  • Tarra Quismundo

    Tarra Quismundo joined Devex Manila as a staff writer in October 2009 after more than six years of working as a reporter for the Philippine Daily Inquirer, a nationwide daily, for which she covered major breaking news in politics, military, police and international affairs. Tarra's Devex News coverage focuses on key Asian donors and top aid officials around the globe.