600,000 US Grant to Support Application of Green Financial Tools in Armenia

600,000 US Grant to Support Application of Green Financial Tools in Armenia

EcoLur

On the initiative of the Ministry of Environment, the Green Climate Fund has approved the financing of “Expansion of Green Financing Instruments in the Republic of Armenia” grant program, within the framework of which ArmSwissBank LLC has been selected as the implementing body.

It should be noted that the Ministry of Environment is the national authorized body of Green Climate Fund. Within the framework of the project, the Fund has provided approximately $660,000 to support the use of “green” financial instruments in Armenia.

As a result of the implementation of “Expansion of Green Financing Instruments in the Republic of Armenia” program, licensed banks and non-bank financial institutions will be able to improve their capabilities and methodology, which will allow them to attract additional financial and technical resources from the international market to develop a “green” economy in Armenia, as the Ministry of Environment informs.

Photo Credit: Ministry of Environment

12:54 January 21, 2020


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