Ameriabank becomes first EBRD partner in Armenia to receive loan under Green Economy

Small businesses in Armenia will have more opportunities to invest in green technology thanks to a US$ 12.5 million loan the EBRD is providing to Ameriabank for on-lending to small and medium-sized enterprises (SMEs) and corporates for green investments.

The loan is co-financed by the EBRD and the Green Climate Fund (GCF), the largest international climate fund created in 2010 under the United Nations Framework Convention on Climate Change. GCF supports low-emission and climate-resilient programmes in developing countries.

Companies interested in small-scale renewable energy projects may also benefit from investment incentives funded by the Strategic Climate Fund (SCF) through the Scaling-Up Renewable Energy Programme (SREP). The GEFF includes a comprehensive technical advisory package, co-financed by the Austrian Federal Ministry of Finance and the GCF, which helps originate and verify green investment opportunities.

source EBRD