Armenia Secures EUR 92 Million and USD 16 Million for Sustainable Development Initiatives in Groundbreaking Agreement with IBRD

Armenia signed a memorandum with the IBRD for “Sustainable, Green, and Inclusive Development” financing. The agreement includes loans and grants totaling EUR 92,300,000 and USD 16,000,000. It aims to address climate change, boost renewable energy, improve governance, enhance human capital, support agriculture, and resolve Nagorno-Karabakh conflict-related issues. (Source: NEWS.am)