Tag Archives: credit guarantees

Armenia Govt. Comes to Aid of Crisis-Hit Construction Sector

YEREVAN (RFE/RL)–In what could be a major boost to one of the largest sectors of Armenia’s economy, the government approved on Thursday at least 20 billion drams ($54 million) in credit guarantees for local construction firms hit hard by the economic crisis. “The state guarantees will enable builders to attract credit resources from commercial banks,”