Amber Capital EU-Armenia SME Fund to promote the development of small and medium-sized enterprises (SMEs) in Armenia through equity investments The EBRD, with the support of the European Union, provides commitments of up to €16 million million The fund will provide financing to strengthen the competitiveness of Armenian SMEs The European Union (EU) and the European Bank for Reconstruction and Development (EBRD) have provided up to €16 million to support the launch of the Amber Capital EU-Armenia SME Fund, a private equity fund seeking to raise a total of €70 million for investment in SMEs in Armenia.