EBRD provides $12.5m boost for Armenian green investment

The funds will help businesses invest in climate adaptation and mitigation technologies

Pathway to COP26 report

The European Bank for Reconstruction and Development (EBRD) has provided a $12.5 million (£9.58m) boost for green investment in Armenia.

The move will offer businesses more opportunities to invest in low carbon technologies as a result of the money being provided to Ameriabank, which will in turn lend financing to small and medium-sized enterprises (SMEs) and larger corporations for green investments.

The loan is co-financed by the EBRD and the Green Climate Fund (GCF) and the funds will be provided under the EBRD’s Green Economy Financing Facility (GEFF), which is a framework to help businesses invest in climate adaptation and mitigation technologies.

The EBRD has recently launched an online climate disclosure tool.

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