The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $200 million investment in Ameriabank, Armenia’s largest financial institution.
This funding will focus on strengthening micro, small, and medium enterprises (MSMEs), empowering women-led MSMEs, and supporting climate-focused projects, advancing Armenia’s green economic transition.
Strategic Allocation for Impact
50% will finance climate-friendly projects to support Armenia’s low-carbon transition.
25% will target general MSMEs, addressing a $1.1 billion financing gap.
25% will focus on empowering women-owned MSMEs, overcoming barriers to capital access.
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This investment is expected to create thousands of jobs and cut greenhouse gas emissions by nearly 40,000 tons annually, equivalent to removing over 9,000 gasoline-powered cars from the roads each year.
A Milestone Partnership
“This partnership reflects our shared vision of addressing climate change, empowering women entrepreneurs, and promoting sustainable growth,” said Artak Hanesyan, CEO of Ameriabank.
This initiative supports Armenia’s transition to a low-carbon economy by 2035 and the development of the Green Taxonomy framework, setting a benchmark for sustainable finance in the region.
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