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ACBA SME III

Armenia | Financial Institutions

Identification Code:: OP/11/0838
Total Operation Cost:: — USD
Maturity:: 60 months
Operation Status:: BSTDB Approved Amount – Approval Date

10.000.000 USD – 21 Jul 2011
: BSTDB Signed Amount – Signed Date

10.000.000 USD – 19 Aug 2011
: Status:
Completed
Description and Purpose of the Operation:: The SME Facility will be used by ACBA exclusively for financing eligible Sub-Loans according to BSTDB Criteria and Procedures for SME financing activity.
Countries of Operation:: Armenia (100,00%)
Financial Product:: SME's
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: ACBA
Co-Financers/Participants:: —
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: The Project is expected to have favourable economic benefits for the Armenian economy, the most relevant being additional tax revenue gains from increased economic activity. This will further increase employment, export capacity and competitiveness, and multiplier effects for other sectors of the economy.
Environmental Classification and Impact:: Screened as FI category. The Borrower is required to: remain compliant at all times with local and BSTDB EHS requirements, including the Negative List; undertake environmental assessment of its sub-loans with high and medium risk and ensure their monitoring; and submit annual EHS performance reports.
Operation Leader:: Financial Institutions I
E-mail:: fi1@bstdb.org