EBRD, EU, GCF expand funding for SMEs in Armenia; US$ 10 million to ACBA Bank for green lending to private sector
30.06.2021 15:53
YEREVAN, June 30, /ARKA/. Armenia’s private sector will benefit from new resources for green financing thanks to a US$ 10 million financial package put together by the European Bank for Reconstruction and Development (EBRD) in cooperation with the European Union (EU) and the Green Climate Fund (GCF) to facilitate the private sector’s transition to more sustainable, low-carbon and climate-resilient practices, EBRD said today in a press release.
It said the package is being provided to ACBA Bank under the EBRD’s Green Economy Financing Facility (GEFF) programme and the EU4Business-EBRD credit line with incentives for on-lending to local enterprises for investments in climate-change mitigation and adaptation as well as for upgrading technologies and services to EU standards while promoting the use of green technologies. This is the first project to be signed in Armenia under the EU4Business-EBRD Credit Line, paving the way for more banking clients to join this new framework.
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EBRD and GCF expand green finance in Armenia
13.04.2021 19:03
Armenia’s private sector will benefit from new resources for green financing thanks to a US$ 6 million financial package put together by the European Bank for Reconstruction (EBRD) and the Green Climate Fund (GCF), which is contributing up to US$ 1.5 million in concessional financing. The loan is expected to facilitate the country’s transition to a more sustainable, low-carbon and climate-resilient economy, EBRD said in a press release
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EBRD receives €87 million from GCF to support to support climate-focused urban development in Armenia, Georgia and other countries
23.10.2018 17:40
The EBRD said it has received a €87 million contribution approved by the Green Climate Fund’s (GCF) Board. The funding will support the EBRD’s Green Cities Facility
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