YEREVAN. - The Central Bank of Armenia (CBA) and German KfW Development Bank today signed a loan agreement on “Funding of power-saving events of micro, small and medium-sized enterprises.”  

The total cost of the agreement is 20 mln EUR, CBA press-service reports.

The allocation of the loan funds will be implemented through commercial banks and loan organizations, which will fully carry the default risk of the fund allocation.

Measures on technical support are scheduled to take place in the framework of the cooperation. The program participants will be provided corresponding consultation.