YEREVAN, July 6. /ARKA/. FMO and AraratBank today announce the signing of a USD 10mln NASIRA loan portfolio guarantee. This innovative risk sharing program will make it easier for AraratBank to provide funding to youth, migrant, women and COVID-19 affected entrepreneurs, as losses on the loan portfolio will be carried by both parties.

The NASIRA program is a risk sharing facility for local financial institutions, supported by the European Union and MASSIF, the financial inclusion fund FMO manages on behalf of the Dutch government. It is a new way of unlocking support to underserved segments, specifically young, female, COVID-19 affected and migrant entrepreneurs.

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Bank VTB (Armenia) is funding construction of a modern multifunctional logistics center “Urban Logistics Services” in Yerevan, the bank’s press office reported

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The Eurasian Development Bank has funded a total of 80 small and medium-sized enterprise (SME) projects through local banks in Armenia, head of EDB Yerevan office Sergey Ignatov said

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Armenian prime minister Tigran Sarkisian said today the World Bank has decided to increase funding for Armenia in the amount of $55 million.

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Tags: Armenia, funding, PM, WB

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