Tag #Amulsar

What are the underlying reasons for the Eurasian Development Bank's withdrawal from the Amulsar gold mine project financing?

Lydian Armenia, already with $300 million invested, needs further funding to resume operations at Amulsar. The government's guarantee aims to mitigate risks to existing investments and attract additional capital, while also expecting a 1-1.5% increase in GDP. However, an economist expressed concerns about the project's financial and security risks.