YEREVAN, December 5. /ARKA/. Sevak Mikaelyan, Deputy Minister of Economy of Armenia, met with a joint mission from the Asian Development Bank (ADB) and the French Development Agency (AFD) yesterday.

During the meeting, issues related to the budget support credit program, jointly implemented with the ADB and AFD, were discussed, along with the capital market development program, according to the press service of the Ministry of Economy of Armenia.

The parties emphasized the importance of the consistent implementation of initiatives aimed at developing the capital market.

About the Asian Development Bank

Since its partnership with Armenia began in 2005, the Asian Development Bank (ADB) has invested $1.9 billion in the Armenian economy. ADB is committed to fostering prosperity, inclusivity, resilience, and stability in the Asia-Pacific region, while continuing its efforts to eradicate extreme poverty. Established in 1966, ADB is owned by 68 member countries, 49 of which are from the region.

About the French Development Agency

The French Development Agency (AFD) has been present in Armenia since 2013, participating in projects that support the fight against climate change and promote a just and inclusive transition. The organization works in the areas of sustainable management and conservation of natural resources (irrigation, forests), urban infrastructure (transport, water supply, waste management, pollution control), energy transition (renewable energy, energy efficiency, and energy sector reform), and public financial management.