EBRD involved American Company of Amber Capital as the Executive of the first mutual investment fund established in Armenia

ArmInfo. EBRD involved American Company of Amber Capital as the Executive of the first mutual investment fund established in Armenia, due to being recognized as the successful bidder of  the tender announced earlier. 

According to the information of the press-release of Armenian Government, yesterday Armenian prime Minister Karen Karapetyan discussed the affairs of the Fund being established with Betsy Nelson EBRD ris Vice President on  Risk and Compliance issues. Parties discussed possible projects of the future fund aimed at the improvement of  small and medium business in the country. The EDRBD Risks and Compliance manager  accentuated  the importance of organization of training programs in Armenia for SME representatives, particularly in the sector of corporate management, financial management, brand- management and others. "Implementing the program, we are intended to involve investments in Armenian SME business and to show that the implementation of effective investment programs is pretty possible," she stated.

Within this, Karapetyan accentuated that the cooperation of newly established fund with the Center of Strategic Initiatives of RA would be also expedient in the meaning of  business environment improvement and new culture implementation.

To mention, no certain information is stated In the Government message in respect to the establishment of mutual investment fund.  The Ministry of economic development and investments does not possess any exact information as well.