EBRD to allocate Euro 180 million for RA economy development
European Bank for Reconstruction and Development (EBRD) announced an intention to allocate Euro 180 million for RA economy development in 2009 - 2010. The bank plans to fund 30 projects implementation to allow RA to overcome financial crisis consequences.
In current circumstances, EBRD follows the policy of supporting medium-sized and small business, providing necessary funding through partner banks, the announcement said.
Besides, EBRD will offer RA banks credits for energy-saving as well as structural reform projects, on share holding terms. Total EBRD investments for 64 projects' implementation in Armenia comprised over Euro 240 million, slon.ru reported.
In current circumstances, EBRD follows the policy of supporting medium-sized and small business, providing necessary funding through partner banks, the announcement said.
Besides, EBRD will offer RA banks credits for energy-saving as well as structural reform projects, on share holding terms. Total EBRD investments for 64 projects' implementation in Armenia comprised over Euro 240 million, slon.ru reported.
