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Thursday, August 24, 2017

Eurasian Development Bank meets with Armenian leadership

A delegation from the Eurasian Development Bank (EDB) met with Armenian officials on Tuesday and Wednesday, led by Dmitry Pankin, the bank's management board chairman.


During the visit, Pankin met with Prime Minister Hovijk Abrahamyan and President Serzh Sargsyan to report on the progress made in the past five years of cooperation. 


Currently, the bank reports approximately $515.5 million worth of investments in the country. They also discussed projects financed by the EurAsEC Anti-Crisis Fund (ACF). Currently, there are two of these projects, improvements on irrigation systems and construction of the North-South Road Corridor. 


The delegation also met with officials in the Ministries of Transport and Communications, International Economic Integration and the country's central bank. 


"Financing investment projects in the area of infrastructure is a priority for EDB and the EurAsEC ACF," Pankin said.


In an earlier mission the EDB noted that they were interested in raising funding for infrastructure projects through the ACF.

Organizations in this story

Eurasian Development Bank 220 Dostyk ave., Almaty, 050051, Republic of Kazakhstan

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