Yerevan /Mediamax/. Armenian government approved a loan program at the volume of 90bln AMD for economy stabilization today, allocated from the means of the Russian stabilization loan.

As Mediamax was informed in the press service of the government, the program aims at stimulating GDP growth through partially meeting credit needs of the private business.

The program provides for issue of budgetary credits in the following directions: crediting of financial-banking system – 60.5bln AMD, crediting of small and medium enterprises – 6.4bn, crediting of backbone enterprises – 23.1bln AMD.

24bln drams will be each year directed to rehabilitation works in the zone of Spitak earthquake in 2009 and 2010.