YEREVAN. – The Government of Armenia plans to receive around US$ 2 million, from the Asian Development Bank, which will be used toward providing credit guarantees to Armenia’s businesswomen. This is noted in the 2012 Plan for State Assistance to Small and Medium Enterprise, which is on the agenda of the Government’s session on Thursday.
The maximum term for providing these guarantees will be 5 years, and they cannot exceed 70 percent of the liability and 15 million drams (approx. $38,900).
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