During today's session, the government approved the action plan for setting up "Agency for Export Lending in Armenia" as an insurance lending company.

"Insurance of export lending is a tool which will make the government support available to a large number of exporters multiplying the financial resources invested by the government. In the next development phase, the system will be self-funding and will be operating on a commercial basis - relying on the European practice", the press release of the governmental press service reads.