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Daily News: Economics
June 29, 2016


NBG: PRGE-ECF LOAN WILL BE PAID FULLY IN 2017

National Bank of Georgia (NBG) declared that PRGF-ECF (Extended Credit Facility) of IMF will be repaid fully in 2017.

IMF’s loan represents 10-year PRGF (Poverty Reduction and Growth Facility) loan with interest rate of 0.5%, which balance cost as of December 31, 2015, made up 46.21 million lari, NBG noted.

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