NATIONAL ASSEMBLY RATIFIES TWO INTERNATIONAL AGREEMENTS ON
APRIL 10
10-04-2008 16:05:00 | Armenia | Economy
YEREVAN, APRIL 10, NOYAN TAPAN. The RA National Assembly on
April 10 ratified two international agreements discussed on
April 8:
- the Convention on International Trade in Endangered
Species of Wild Fauna and Flora, which was signed in Washigton
on March 3, 1973, and amended in Bonn on June 22, 1979,
- the credit agreement on Water Supply and Sewerage Sector
Program, which was signed between the Republic of Armenia and
the Asian Development Bank on December 18, 2007.
Under this agreement, a credit equivalent to 45 mln USD is
provided to Armenia. The credit shall be repaid in 2016-2039. It
has a 1% annual interest rate during the grace period, later - a
1.5% annual interest rate, which is to be calculated with
respect to the credit received from the credit account and the
sums, which were not repaid in various periods.