Yerevan /Mediamax/. European Bank for Reconstruction and Development (EBRD) is considering provision of additional $100mln to Armenia for developing the financial sector.

Mediamax was informed in EBRD press service that the funds may be allocated under Armenia Multi-Bank Framework Facility II, within the framework of which EBRD has already provided $120mln to Armenia.

The session of EBRD Board of Directors, at which the decision on possible provision of additional funds to Armenia will be made, will take place on December 10, 2009. EBRD press service noted that Armenian commercial banks have successfully distributed the previous funds of the given project.