Armenia and ADB
In the Spotlight
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.
More than 600,000 Armenians have benefited from an ADB-supported project that upgraded water supply and sanitation systems in the central Asian country.
Low oil prices are having a broad impact on the economies of the region, with opportunities arising to address many longstanding macroeconomic issues.
ADB approved a $49 million loan and a technical assistance grant of $900,000 to support the sustainability of Armenia’s road and water sectors, which have deteriorated due to limited investments and challenges in public management systems.
The Key Indicators for Asia and the Pacific 2014 presents the latest available economic, financial, social, and environmental statistics for the 48 regional members of ADB. Download the statistical tables for Armenia.
Since gaining independence in 1991, Armenia has made considerable progress as a nation. The country, however, still faces development challenges, economic risks, governance problems, and constraints on regional and global integration. There is also a need within Armenia to strengthen infrastructure and make growth more inclusive.
ADB's country partnership strategy, 2014-2018 helps Armenia integrate its economy regionally and rebalance it toward more resilient, inclusive, and environmentally sustainable growth. It supports improving transport links, upgrading secondary towns, and strengthening energy security.