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Armenia joined ADB in September 2005. On 1 August 2006, the Board of Directors endorsed an economic report and interim operational strategy for 2006–2009. ADB’s strategic priorities are to accelerate rural and urban development, promote the private sector, and enhance regional cooperation. Continued progress in macroeconomic, fiscal, and debt management reaffirmed the Government’s commitment to reform. ADB is developing an assistance program for 2007–2009 in consultation with the Government.
ADB will focus initially on rehabilitating rural roads, water supply, and social infrastructure.
A rural roads rehabilitation project preparatory technical assistance for $150,000 was approved.
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