Yerevan /Mediamax/. Companies, the annual turnover of which does not exceed 500mln AMD, may claim to receive funding within the framework of the loan at the sum of $50mln, provided to the Armenian Central Bank by International Bank for Reconstruction and Development (IBRD, structure of World Bank).

As Mediamax was told in the press service of the Central Bank, the larger part of the credits will be issued in national currency; however the program also allows crediting in USD in cases, when the borrowers present the corresponding grounds.

The credit program aims at stimulating and developing small and medium enterprise in Armenia.

The means will be distributed by the CB through partner financial organizations, the selection of which will be realized with the help of a tender, basing on the standards, approved by the World Bank.