EBRD and UNDP launch social impact bond program to improve lives of smallholder farms in Shirak region | ArmBanks.am

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EBRD and UNDP launch social impact bond program to improve lives of smallholder farms in Shirak region

04.02.2021 18:49

EBRD and UNDP launch social impact bond program to improve lives of smallholder farms in Shirak region

YEREVAN, February 4. /ARKA/. Improving the lives of smallholder farmers in the Shirak region of north-western Armenia is the goal of a pilot programme announced today by the European Bank for Reconstruction and Development (EBRD) and the United Nations Development Programme (UNDP), EBRD reported.

The two institutions signed a letter of intent to structure a social impact bond, an innovative financing tool linking financial success to the delivery of measured social outcomes. Social bonds provide investment to address social problems by funding preventive measures. When the social outcomes improve, investors are repaid their initial investment plus a return for the financial risk that they took.

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Categories: 121, 144, Economy @en, General news, News, News of the hour | Comments Off on EBRD and UNDP launch social impact bond program to improve lives of smallholder farms in Shirak region

Tags: EBRD, program, Shirak, UNDP

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