Status: Completed investment
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Why disclosure?

FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

In case of questions

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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

FMO’s contracting party for this project is the Central Bank of Armenia (CBA). A selection of international professors in economics, finance and law from Harvard, EDHEC Business School, and Tilburg University with demonstrated teaching experience in banking and finance, monetary policy, corporate governance and financial markets regulation have been selected as teachers for this project.

What is our funding objective?

This proposal aims to support a Certificate Program for Bankers (for both private and central bankers) in collaboration with leading academic experts and the Armenian Central Bank. The project was suggested to FMO by the advisory department of the Dutch Central Bank and successfully piloted by FMO and its partners in 2017.

Why do we fund this investment?

This project supports opportunities for both FMO’s clients and central bankers in Armenia and Georgia to successfully equip themselves with up-to-date knowledge and skills relevant for the banking sector.

Europe & Central Asia
Europe & Central Asia
Financial Institutions
Effective date
End date
Total FMO financing
EUR 0.05 MLN