EIB Global provides €100 million to support Armenian micro and small businesses
Armenia, Oct. 29 -- The European Investment Bank's development arm, EIB Global, has signed a €100 million loan with the Central Bank of Armenia to increase access to finance for micro, small and medium-sized enterprises (MSMEs) and mid-caps. The agreement - signed in Yerevan by Central Bank of Armenia Governor Martin Galstyan and Head of Division at EIB Global Marion Hoenicke - is backed by the European Fund for Sustainable Development Plus (EFSD+).The funds will be channelled through the Central Bank of Armenia and on-lent to eligible companies via participating commercial banks and universal credit organisations. Implemented by the German-Armenian Fund, the programme is expected to support around 500 enterprises and sustain approxim...
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