The “Entrepreneur + State Anti-Crisis Investments Fund” managed by ANIF’s subsidiary, will invest USD 4 million in the EU-Armenia SME Fund (hereinafter: the Fund) supported by the European Bank for Reconstruction & Development (EBRD) and the European Union and managed by Amber Capital Armenia. The committed capital of the Fund will hence reach the target size of USD 50million, which will be invested directly into the Armenian economy. The goal is to make equity investments in private companies operating in the Republic of Armenia to support business expansion plans.
FMO ,the Dutch entrepreneurial development bank, has also committed USD 7 mln to the Fund. FMO invests in the fund to support building the PE industry in Armenia, which in turn will help to make financing available for SMEs and facilitate the creation of jobs (SDG8).
CEO of ANIF, David Papazian, said: "Today there are almost no alternative business fin...
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