The Armenian parliament has approved two new credit agreements aimed at improving housing provisions for individuals voluntarily leaving Karabakh and the socio-economic development of the Syunik province.
According to Musavat.com, based on the adopted decision, the Armenian government will take loans of 250 million dollars from the Asian Development Bank and 50 million euros from the European Investment Bank. Official information indicates that these funds will mainly be directed towards improving the living conditions of families voluntarily leaving Azerbaijan’s Karabakh region, as well as financing infrastructure and development projects in the Syunik region located in the south of the country.
Government representatives state that the loans should accelerate the implementation of long-term social programs, increase economic activity in the region, and facilitate the integration of migrants.
The opposition expresses concerns regarding the increasing indebtedness and emphasizes the importance of transparent and efficient spending of the allocated funds. During discussions in parliament, it was noted that the repayment of the loans could create an additional burden on the state budget in the coming years.
Nevertheless, official Yerevan considers this financial package a necessary step in terms of resolving existing social problems and developing Syunik, which is regarded as a strategic region.
