Armenia to borrow €80M from OPEC Fund (opens original article in a new tab)

Armenia will take a €80 million loan from the OPEC Fund for its budget deficit, with a 18-year term at 4.166% interest and a 5-year grace period on principal, while planning to improve public administration efficiency.

• Armenia to borrow €80M from OPEC Fund for state budget deficit
• Loan at 4.166% annual interest over 18 years with 5-year principal grace period
• Government plans to improve public administration efficiency for financial stability