As well as the loan, IFC will also provide advisory services to help Ameriabank assess and review projects, with a focus on environmental and financial aspects. Earlier this year, IFC provided the bank a $5M trade-finance guarantee, allowing it to expand financing for the foreign trade transactions of its clients throughout the country.
IFC provides loan for small hydro development in Armenia
IFC, a member of the World Bank Group, has approved a $15M senior loan to Armenian bank Ameriabank to help finance the development of small hydro power plants in the country.