The OPEC Fund for International Development (OPEC Fund) signed a loan agreement worth $10 million to support Armenia’s efforts in addressing climate change, promoting renewable energy projects, and supporting small, medium and micro enterprises.
A statement issued by the headquarters of the OPEC Fund in the Austrian capital, Vienna, stated that the loan will be provided through the Fund’s partnership with the Armenian Evobank, which will provide credit facilities and loans worth $10 million, to help companies enhance innovation and drive economic progress. He explained that the lending will focus on women-led companies, projects to enhance energy efficiency and transition to renewable energy to enhance addressing climate change.
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