📋 Tender Overview
Project ID: 55805
Status: Approved
Location: Armenia
Business Sector: Financial Institutions
Notice Type: Private
Environmental Category: FI
Approval Date: 17 Apr 2025
Disclosure date: 22 Apr 2025
Project Description
Provision of a senior loan to Evocabank of up to EUR 5m, of which up to EUR 3.75m to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to EUR 1.25m by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme.
Project Objectives
The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way, in line with the standards and reporting requirements of the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. Evocabank will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants.
The Project's use of proceeds may include solar sub-projects. Such sub-projects will be managed in line with "The Proposed Management Approach for Solar Supply Chain Risk Management" (CS/FO/21-35), (CS/FO/21-35 (Add 2)) and any subsequent guidance developed under that approach.
