Print
Revolving trade finance loan facility to ARMSVISBANK
Country
Armenia
Type (PPP, etc.)
Revolving loan facility
Sector
Financial sector
Timeline
2022–2027
Project description
Revolving trade finance loan facility
Project objectives:
Financing/securing trade contracts of the borrower’s clients related to imports and exports to and from Armenia
Sustainable development effect:
- The project facilitates the growth of the borrower’s banking activities, including business lending, and the expansion of its customer base, thereby fostering development in the real sector.
- The project has potential to support job creation and boost tax revenues through the supply of equipment for new production facilities and raw materials to expand sub-borrowers’ existing operations.
- Subprojects funded by the borrower could lead to increased tax revenues at various levels as sub-borrowers expand their production facilities. No information regarding related socio-economic and environmental impacts is available. The project might indirectly contribute to improvements in the real sector, living standards and the environment.
Integration effect:
- The project finances trade contracts between Armenian companies and the Bank’s member states.
Client
ARMSVISBANK
5,000,000