Armenia’s government approved measures to borrow a total of about $346 million from two international financial institutions, as the country’s national debt continues to grow.
Armenia’s banks restructured nearly $82 million in existing loans to local farmers, as Russia’s ongoing restrictions on trade with the country continue to bite.
Armenia’s Central Bank kept interest rates unchanged at 6.5%, citing heightened levels of geopolitical uncertainty and a significant increase in global energy prices.
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