DCA Guarantee Contributes to Capital Market Development in Armenia

Bringing needed liquidity to INECOBANK's medium- and long-term SME lending operations.

Development Credit Authority Bond Guarantee with INECOBANK

This $9 million USAID credit enhancement deal involves use of a Development Credit Authority guarantee to support INECOBANK’s issuance of corporate bonds to bring needed liquidity to its medium- and long-term SME lending operations. The deal will contribute to capital market development in Armenia and deepen financial sector intermediation.


  • United States Agency for International Development (USAID)

    Funding Agencies
    United States | Staff size: Unknown

    USAID is the lead U.S. Government agency that works to end extreme global poverty and enable resilient, democratic societies to realize their potential.

    U.S. foreign assistance has...

  • Inecobank

    Investment & Finance
    Armenia | Staff size: Unknown

    INECOBANK is a commercial bank based in Armenia. Being one of the 10 largest banks in Armenia by the return on asset and capital, INECOBANK remains the leader in the credit sales financing...

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Key Information

LocationCentral Asia, Armenia
  • Start Date 2008
  • End Date 2018
  • ValueUSD 9.04 Million