On November 7, the Armenian government approved a loan agreement with the OPEC International Development Fund, providing €50 million to Armenia for green, resilient, and inclusive growth. The program focuses on promoting environmental initiatives, combating climate change, and developing human capital.
The program aims to support environmental management, improve energy efficiency, and protect atmospheric air, all toward mitigating climate change impacts. Special emphasis is placed on supporting vulnerable groups and improving education quality.
The project also includes anti-corruption measures, which will enhance the efficiency of the justice sector. OPEC’s support aims to strengthen the foundations for development in Armenia, encouraging sustainable practices and economic growth.
The program’s goal is to foster both economic progress and environmental protection, building a more sustainable future.
