On November 15, the Armenian government approved a loan agreement with the OPEC Fund for International Development for the "Green, Sustainable, and Inclusive Development" program. The credit package amounts to €50 million.
The program aims to address several key objectives, including combating the effects of climate change, improving environmental governance, enhancing energy efficiency, and developing human capital.
Particular focus within the project will be placed on modernizing the healthcare system, and combating corruption. This marks the second phase of the program implemented with OPEC's support in Armenia.
Earlier, BMG reported that Armenia’s national debt for the first three quarters of the current year reached $12.5 billion, evenly divided between external ($6.29 billion) and domestic ($6.20 billion) borrowing. Interest payments on the debt in 2025 are expected to exceed $1 billion.
