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GCF GEFF Regional - GEFF Armenia II - Inecobank

Last update: Apr 16, 2021 Last update: Apr 16, 2021

Details

Location:Armenia
Armenia
Category:Unspecified/Other
Status:Approval
Sectors:Environment & Climate, Private Sector & Trade, Financial Services & Audit
Contracting authority: Inecobank CJSC
Contracting authority type:Government / Public Sector
Eligibility:Unknown
Budget: EUR 6,000,000
Date posted: Dec 23, 2020

Attachments 1

Associated Awards

Project cycle timeline

STAGES
EARLY INTELLIGENCE
PROCUREMENT
IMPLEMENTATION
Cancelled
Status
Programming
Formulation
Approval
Forecast
Open
Closed
Shortlisted
Awarded
Evaluation

Description

Location:Armenia Project number:52440 Business sector:Financial institutions Notice type:Private Approval date:22 Dec 2020 Status:In Exploratory, Pending Final Review PSD disclosed:22 Dec 2020 Project Description Provision of a senior loan
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tender Background

About the Funding Agency

EBRD - European Bank for Reconstruction and Development - is a multilateral development bank, using investment as a tool to help build market economies. Initially focused on the countries of the former Eastern Bloc (former European Communist Countries), it expanded its support to development in the democracies of 30 countries from central Europe to central Asia. EBRD invests mainly in private enterprises.

EBRD is not to be confused with the European Investment Bank (EIB), which is owned by EU member states and is used to support EU policy.

 

About the Sectors

Environment & Climate

Focuses on protecting natural ecosystems, promoting sustainable resource management, enhancing climate resilience, and mitigating the impacts of climate change through conservation, adaptation, and low-carbon initiatives.


Key areas:
  • Environmental protection and conservation
  • Natural resource and ecosystem management
  • Climate change and environmental resilience

Private Sector & Trade

Entails initiatives that promote entrepreneurship, strengthen competitive markets, and expand domestic and international trade opportunities.


Key areas:
  • Private sector development and SME/MSME support
  • Entrepreneurship, start-ups, and business growth initiatives
  • Trade facilitation, import/export, and market access
  • Commerce, retail/wholesale, and free trade mechanisms