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Tag: green finance

EBRD and GCF expand green finance in Armenia

Armenia's private sector will benefit from new resources for green financing thanks to a US$ 6 million financial package put together by the European Bank for Reconstruction (EBRD) and the Green Climate Fund (GCF), which is contributing up to US$ 1.5 million in concessional financing. The loan is expected to facilitate the country’s transition to a more sustainable, low-carbon and climate-resilient economy, EBRD said in a press release