ArmInfo.Recently, the EBRD approved 2 credit programs for $ 10 million for Armenian banks to promote small and medium-sized businesses for women entrepreneurs. This was reported to the journalists on June 16 at the fields of the General Meeting of Shareholders of Araratbank said acting Head of the Armenian office of the EBRD Angela Sachs.
She said that EBRD will allocate $ 7 million for SME assistance, and $ 3 million for the development of women entrepreneurs' business. These directions, according to her, are priority within the country's strategy of the bank.
To remind, EBRD is an institutional investor in Armenia. Since the launch of the EBRD in Armenia, in particular since 1992, over 1.13 billion EUR have been invested in the implementation of 157 programs in the financial, corporate, infrastructure, and energy sectors. Moreover, 88% of these investments are directed to the development of private entrepreneurship.
