In spite of the statements of the members of the Prosperous Armenia party’s faction Vardan Oskanian and Gurgen Arsenyan that the faction voted against the $40 million loan agreement between the Armenian Government and Asian Development Bank, the faction has later convened a sitting to review the approach.

The loan is aimed at the improvement of water supply, irrigation, renovation of water removal systems.

“Frankly speaking, we have been guided with “of two evils choose the least” principle, understanding quite well that taking another loan is rather risky and understanding that not always these loans were spent effectively having many examples of it,” Naira Zohrabyan said, speaking to Tert.am.

She stressed that the decision has been reviewed as the party is going to forward a proposal on declaring a moratorium on the loan projects taking into consideration the issue of its riskiness and management of Armenia’s foreign debt.

Explaining the decision to review their approach, she said during the official campaign they visited different rural communities and got acquainted with the issues of the farmers, mainly complaining of irrigation, water removal systems which are in disastrous condition.

Naira Zohrabyan said stemming from the same issue they have voted for the government’s draft on releasing additional 150 million cubic meters of water from Lake Sevan.