Consulting Services, Housing Finance
Tender Award
Financing: KfW Entwicklungsbank
Brief description of the contract:
Housing finance in Armenia faces various challenges including issues related to affordability, lack of housing supply, backlog of renovation especially in regard to energy efficiency, monitoring and recovery practices, etc. German Financial Cooperation has been actively supporting the Central Bank of Armenia (CBA) – acting via the German Armenian Fund GAF and now the National Mortgage Company NMC – for many years in developing mortgage products that effectively...