EBRD invested over €2 billion in over 200 projects during 30 years of operation in Armenia

• 12.06.2022, 14:08
•  World,  Armenia

The EBRD has been operating in Armenia for 30 years, investing over €2 billion in over 200 projects, with more than 90 per cent of these in the private sector, the Bank said in a statement, Armenpress reports.

The Bank’s key areas of investment include the financial sector, small and medium-sized enterprises (SMEs), and sustainable infrastructure. The Bank supports these sectors through investment combined with policy engagement and technical cooperation.

On average, the Bank invests around €150 million in Armenia’s economy on annual basis. Through its partner financial institutions in Armenia, the EBRD channels approximately €100 million to local SMEs through various programmes on trade finance, competitiveness, green, and inclusive financing.

In terms of sustainable infrastructure, across Armenia, the Bank is financing the modernisation of the border crossing in Meghri, and the construction of the Sisian-Kajaran road. These projects build on the success of the recently completed bridge in Bagratashen. In the capital, the Bank is supporting the municipality to acquire modern, greener, and more efficient buses for residents of Yerevan.

The Bank uses a range of products to directly support important players in Armenian economy. In recent years EBRD has financed Telecom Armenia, Picsart, Saranist, and Amber Capital among others.