On June 20-24, within the framework of ''Scaling up green finance practices in Armenia'' grant project coordinated by the Ministry of Environment of the Republic of Armenia, financed by the Green Climate Fund and implemented by "ARMSWISSBANK" CJSC a study visit was held with the participation of the main beneficiaries of the project in the leading European financial institutions-headquarters of the KfW (Frankfurt, Federal Republic of Germany) and the  Dutch Entrepreneurial Development Bank (FMO, The Hague, Kingdom of the Netherlands). The aim of the study visit was to gain the best international exchange of experience in the sphere of ''green'' financing. 
During the stay in the Federal Republic of Germany the Armenian delegation visited the most energy efficient residential building-«Active-Stadthaus» in Frankfurt, got acquainted with the processes and mechanisms aimed at improving the energy efficiency of buildings, as well as the reduction of investment risks in energy efficient retrofitting of buildings.
Responsible officers from each institution presented their experience in implementing the long-term strategy of ՛՛green՛՛ finance programs during the discussions at KfW and FMO.
The "Scaling up green finance practices in Armenia" grant project has been launched on May 15, 2020 by the initiative of the Ministry of Environment of the Republic of Armenia.
The main objective of the project is to increase the experience and potential in the field of «green» financing in the Republic of Armenia. So far, the local and international experts have studied the current state and opportunities of the "green" financing sphere, the best international experience and the possibilities of its localization, as well as the introduction of amendments in the legislative field regulating the sphere in the Republic of Armenia within the framework of this project.