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ADB endorses new 5-year country strategy to support economic diversification, inclusiveness in Armenia

26.11.2019 17:50

ADB endorses new 5-year country strategy to support economic diversification, inclusiveness in Armenia

YEREVAN, November 26. /ARKA/. The Asian Development Bank (ADB) said today it has endorsed a new 5-year country partnership strategy for Armenia focused on increasing economic diversification and ensuring that economic growth benefits all Armenians.

It said in a press release that Armenia became an upper middle-income country in 2018, but the country faces several development challenges including the economy’s heavy dependence on commodities, persistent poverty, and women’s labor force participation that is below 50%.

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Armenian economy minister discusses cooperation expansion prospects with ADB director

25.10.2019 13:26

Armenian economy minister discusses cooperation expansion prospects with ADB director

Armenian Economy Minister Tigran Khachatryan received Friday an Asian Development Bank delegation headed by ADB Country Director Paolo Spantigati, the press office of the Armenian economy ministry reports

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Armenian vice premier discusses with ADB representatives cooperation development

03.10.2019 16:37

Armenian vice premier discusses with ADB representatives cooperation development

Armenian Vice Premier Mher Grigoryan discussed Wednesday with representatives of the Asian Development Bank the key goals of Armenia’s development strategy and cooperation with the bank, the press office of the Armenian government reports

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ADB loan to further enhance financial markets, public efficiency in Armenia

16.11.2018 12:12

ADB loan to further enhance financial markets, public efficiency in Armenia

The Asian Development Bank (ADB) said today it has approved a $50 million policy-based loan as part of an ongoing program of financial reforms to strengthen public debt and fiscal risk management and develop financial markets in Armenia

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ADB issues inaugural Armenian dram linked bonds

03.09.2018 12:39

ADB issues inaugural Armenian dram linked bonds

The Asian Development Bank (ADB) raised AMD2.66 billion (about $5.4 million) late last month from a new issue of offshore Armenian dram-linked bonds

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ADB’s trade financing program supported over $116.5 million in trade through 384 transactions in Armenia since 2012

20.06.2018 16:15

ADB’s trade financing program supported over $116.5 million in trade through 384 transactions in Armenia since 2012

The Asian Development Bank’s Trade Financing Program (TFP) has supported over $116.5 million in trade through 384 transactions in Armenia since 2012, 51% of which have been small and medium-sized enterprises-related (SMEs) deals, according to a press release, placed on the bank’s website

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ADB ready to continue implementing programs in Armenia

13.06.2018 17:40

ADB ready to continue implementing programs in Armenia

The Asian Development Bank is ready to continue implementing development programs in Armenia, Takehiko Nakao, President of the Asian Development Bank (ADB), said Tuesday as he met with Armenian President Armen Sarkissian, the Armenian president’s press office reports

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ADB loan, equity to Ameriabank to help promote financial inclusion in Armenia

07.05.2018 15:28

ADB loan, equity to Ameriabank to help promote financial inclusion in Armenia

The Asian Development Bank (ADB) and Ameriabank CJSC (AMB) signed an agreement for an equity investment equivalent of $30 million to strengthen Armenia’s banking sector and further promote financial inclusion in the country

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ADB: 4% economic growth expected in Armenia in 2018

12.04.2018 17:31

ADB: 4% economic growth expected in Armenia in 2018

The Asian Development Bank forecasts a moderate four-percent economic growth in 2018 to Armenia.
In its Asian Development Outlook 2018 “How Technology Affects Jobs”, the ADB says that GDP growth will stand at 4.2%

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Ardshinbank signs $25 million trade finance facility with Citi and ADB

15.12.2017 16:00

Ardshinbank signs $25 million trade finance facility with Citi and ADB

Ardshinbank has signed a $25 million one-year Club Trade Finance Facility arranged by Citi with Asian Development Bank (ADB)

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