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Asian Development Bank to provide $500 million assistance to Armenia in next five years

09.02.2015 18:45

Asian Development Bank to provide $500 million assistance to Armenia in next five years

YEREVAN, February 9. / ARKA /. The Asian Development Bank (ADB) has approved a new country partnership strategy with Armenia which includes targeted support for infrastructure, urban development, and energy to underpin more resilient, inclusive and sustainable growth.

“ADB plans to provide financial assistance of around $500 million over the next five years to support improved transport links, to upgrade secondary towns where poverty is highest, and to strengthen energy security,” David Dole, ADB’s Country Director for Armenia, is quoted as saying in a press release.

While ADB will continue financing infrastructure, it will aim to gradually shift its focus to catalyzing support from the private sector, and providing knowledge products and services. Given ADB’s limited resources and assistance from other development partners, ADB won’t be significantly involved in the finance, health, and education sectors.

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Ratio of Armenia’s financial system’s assets to GDP in 2013 was 77.1, report

16.06.2014 17:27

Ratio of Armenia’s financial system’s assets to GDP in 2013 was 77.1, report

The ratio of Armenia’s financial system’s assets to GDP in 2013 was 77.1%, increasing by 8.5 percentage points from the previous year, according to the annual report of the Central Bank on the country’s financial system, development and supervision

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Net transfer inflow to Armenia rose by 20% to 166.7bln drams in Q4

26.03.2013 14:36

Net transfer inflow to Armenia rose by 20% to 166.7bln drams in Q4

Net money transfer inflow to Armenia grew by 20% up to 166.7bln drams in Q4 of 2012, as compared to the same period of the year before, says the 2012 4th quarter bulletin of the country’s Central Bank

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Some 202 billion drams remitted to Armenia in the first three quarters of this year

28.12.2012 11:20

Some 202 billion drams remitted to Armenia in the first three quarters of this year

Some 202 billion drams were remitted to Armenia in the first three quarters of this year by individuals through international money transfer systems without opening bank accounts

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Interest rates at Armenia’s financial market continue stabilizing in November

21.12.2012 20:07

Interest rates at Armenia’s financial market continue stabilizing in November

Interest rates at Armenia’s financial market continued stabilizing in November, the press office of the Central Bank of Armenia said today in its report presenting the results of the bank board’s meeting held on December 11

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Seven insurance companies are among 1000 largest corporate tax payers

06.11.2012 17:29

Seven insurance companies are among 1000 largest corporate tax payers

Seven Armenian insurance companies were listed among 1000 largest corporate taxpayers in January-September 2012

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Money supply in Armenia grows 2% to AMD 1157 billion in April

13.06.2012 16:01

Money supply in Armenia grows 2% to AMD 1157 billion in April

Money supply in Armenia amounted to more than AMD 1157 billion in late April

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Aggregate liabilities of 21 armenian banks contract by 1 percent to 1,674.4 trillion drams

28.04.2012 17:32

Aggregate liabilities of 21 armenian banks contract by 1 percent to 1,674.4 trillion drams

In the first quarter of 2012 the aggregate liabilities of 21 Armenia-based commercial banks

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Deposits at armenian banks grow 40.6% to AMD 1011.2 billion

27.03.2012 19:16

Deposits at armenian banks grow 40.6% to AMD 1011.2 billion

Deposits at Armenian banks totaled about AMD 1011.2 billion

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IFC finances 18 projects in Armenia since 200, worth $87 million

30.12.2010 19:24

IFC finances 18 projects in Armenia since 200, worth $87 million

The International Financial Corporation (IFC) has financed 18 projects in Armenia since 2000, worth $87 million, said today Arman Barkhudarian, an IFC advisor on investment issues.

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