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EU for Increasing Migrants’ Potential to Act for development of Armenia – EU for IMPACT Armenia

Project Description
EU for Increasing Migrants’ Potential to Act for development of Armenia – EU for IMPACT Armenia
The project aims to contribute to well-being of Armenian labour migrants, returnees and their family members through mobilising remittances and investing in local development, as well as contributing to job creation in Armenia, which is to be achieved through
- Raising awareness on investment opportunities and building trust between the state and diaspora
- Growing number of migration related investments and businesses and creating jobs in Armenia
- Developing diverse and innovative diaspora investment instruments as a future investment scheme for Armenian banks and other financial institutions
Specific Objective
The overall objective of the project is to contribute to empowerment of Armenian labour migrants, returnees and their family members through mobilising remittances and investing in local development and job creation in Armenia, which is to be achieved through
- Raising awareness on investment opportunities and building trust between the state and diaspora
- Growing number of migration related investments and businesses and creating jobs in Armenia
- Developing diverse and innovative diaspora investment instruments as a future investment scheme for Armenian banks and other financial institutions
Expected Results
The direct outcome of the project will be 150 businesses to start their activities by making available matching grants and loans. Considering their family members and possible suppliers indirectly many hundreds of Armenians will be economically assisted.
The project will strengthen the strategic framework on SME-development, particularly for vulnerable groups and efforts of mainstreaming migration into development through police development.
Knowledge will be increased among government agencies of the importance of (labour) migrants for economic and social development in the regions of Armenia and recognition of their role in raising awareness.
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PROJECT DETAILS
Armenia
Priority Area:
Partnership that empowers, Partnership that creates
Subsector:
Mobility, Employment and entrepreneurship
Topic:
Migration and mobility, Jobs
Project Status:
Ongoing
Start Date:
01.09.2020
End Date:
01.09.2024
Implementing Organisation:
Iris business incubator

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