Armenia, Nov. 25 -- The European Investment Bank (EIB) and the European Investment Fund (EIF) - jointly the EIB Group - are joining forces with Inecobank to enhance access to finance for Armenian entrepreneurs and small businesses. The EIB Group will provide a partial portfolio guarantee to Inecobank under the EU4Business Guarantee Facility, a programme financially supported by the European Union to promote private sector development in the selected Eastern Partnership countriesThe new guarantee will allow Inecobank to extend €30 million financing at more favorable terms to Armenian MSMEs by reducing collateral requirements and interest rates. The guarantee will cover up to 80% of individual MSME loans, with aggregate losses capped at...