IFC Commits $200 Million to Ameriabank for Climate and MSME Financing in Armenia
January 14, 2025 - 10:09
The International Finance Corporation (IFC) has announced a significant investment of up to $200 million in Ameriabank, aimed at bridging financing gaps for climate finance initiatives and supporting micro, small, and medium enterprises (MSMEs) in Armenia. This strategic move is designed to bolster the financial infrastructure necessary for the country's green transition and to enhance climate resilience.
With a particular focus on women-owned MSMEs, the investment seeks to empower underrepresented business sectors, ensuring that they have access to the capital needed to thrive. By aligning with both national and global climate goals, the IFC's initiative is expected to stimulate economic growth while promoting sustainable practices.
This investment not only underscores the importance of financial support for climate-related projects but also highlights the role of small businesses in driving innovation and sustainability within the Armenian economy. The partnership with Ameriabank is poised to make a meaningful impact on the local business landscape and contribute to a greener future for Armenia.
MORE NEWS
June 25, 2025 - 00:18
Yale's Financial Stability Program Unveils Crisis Management PlaybookThis year marks a significant milestone for the Yale Program on Financial Stability as it wraps up the New Bagehot Project. This ambitious initiative, spanning a decade, has meticulously chronicled...
June 24, 2025 - 04:52
Japan's Foreign Exchange Diplomat Reappointed for Another YearTOKYO - Japan`s leading foreign exchange diplomat, Atsushi Mimura, has been reappointed for a second consecutive year, according to the finance ministry. This decision underscores his significance...
June 23, 2025 - 19:11
Rethinking Finance: A Call for Inclusivity and SustainabilityIn affluent societies, the relationship with money has shifted dramatically, transforming it into a master rather than a servant. This paradigm has far-reaching implications, not only for...
June 23, 2025 - 05:12
NJBIZ Finance Power List: Celebrating the Most Influential Leaders in FinanceThe NJBIZ Finance Power List has unveiled its selection of the most influential leaders in the finance sector for 2025. This prestigious list highlights the professionals who play a critical role...