YEREVAN. – The Central Bank of Armenia (CBA) and the German government-owned KfW development bank on Tuesday signed loan and grant agreements for the second phase of the Support to Armenia’s Agricultural Sector credit program.

With the €15 million to be allocated within the framework of this program, loans will be provided to Armenia’s small and medium-sized enterprises of the agricultural sector, the CBA press service reported.

The KfW bank grant amounts to 750,000 euros, and it is intended for providing technical assistance to fund the consulting services being provided to the beneficiaries of this program.