Financed ProjectsACBA SME II

Identification Code:

OP/10/0793

Total Operation Cost:

0

Maturity:

60 months

Operation Status:

Description and Purpose of the Operation:

The proceeds of the SMEF from BSTDB 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, Armenia

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The Project is expected to have favorable economic benefits for the Armenian economy. SMEs that contribute significantly to the manufacturing and trade will be financed for completing their investment plans and for funding their working capital needs. Increase in Tax revenue for the State from incremental economic activity, as well as increase in employment, in export capacity and competitiveness are some other factors to be considered. Positive multiplying effects on other parts of the economy will also occur.

Environmental Classification and Impact (summary):

For the purpose of this transaction the Borrower shall be required to: - Undertake environmental assessment of the sub-loans with medium and high environmental risk, as well as ensure proper monitoring of these operations; - Ensure compliance of the sub-loans with applicable national EH&S requirements; - Continue to adhere to the Bank’s Negative List of Goods; - Submit annual EH&S performance reports.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org