Asia's Economic Growth Slows

New ADB report lowers region's growth rate to 6 percent on continued global uncertainties and slowing economic activity.  Read More

12 Pillars for the Transformation of Asia and the Pacific Region

Asia and the Pacific has made good progress towards the eight Millennium Development Goals (MDGs), though the region will still need to make greater efforts if it is to meet some important targets. Read More

Asia's Path to Prosperity

Industrialization must be an essential part of the growth formula if Asian countries are to prosper and avoid the 'middle income trap,' says ADB report. Read More

Seamless Business Registration Process Fosters Entrepreneurship in Armenia

The online business registration system in the Armenian capital of Yerevan makes it easier for entrepreneurs to start a business. Watch Video

Overview

Armenia’s Sustainable Development Program, approved by the government in October 2008, has three key goals for 2009-2021: to reduce poverty, including eliminating extreme poverty and ensuring human development; to deepen economic growth; and to accelerate the development of lagging regions. In response to post-crisis realities, the government has given priority to the creation of quality and high-productivity jobs.

ADB's country operations business plan (COBP) update for 2012-2013, approved in November 2012, identifies regional cooperation, infrastructure, and private sector development as priority areas for ADB’s operations.

Fast Facts

2.86 (2012)
Population in millions

0.4% (2010-2012)
Annual population growth rate

35.0% (2011)
Population living below the national poverty line

Fact Sheet

Proposed Projects

There are no proposed projects at this time.

Approved Projects

29 Apr 2013 45415-001: Urban Development in Secondary Cities
3 Apr 2013 46941-014: Sevan-Hrazdan Cascade Hydropower System Rehabilitation Project
12 Mar 2013 42145-043: North-South Road Corridor Investment Program - Tranche 3
View all approved

ADB Lending

Amount ($M) / %
Sector (No. of loans)
105.00 / 16.73
Finance (6)
 
366.56 / 58.41
Transport and ICT (6)
 
76.00 /12.11
Water Supply (2)
 
80.00 / 12.75
Multisector (2)
 
627.56 / 100.00
TOTAL (16)
Cumulative as of 31 December 2012

Publications

Oct 2013 Asian Development Outlook 2013 Update: Governance and Public Service Delivery

Sep 2013 Framework of Inclusive Growth Indicators 2013: Key Indicators for Asia and the Pacific

Aug 2013 Key Indicators for Asia and the Pacific 2013

View all publications

News Releases

2 Oct 2013 Developing Asia Slowing Amid Global Financial Jitters
2 Oct 2013 Asia Must Step Up Governance Reforms to Sustain Growth and Development
21 Aug 2013 Asia Cannot Bypass Manufacturing on Path to Prosperity - ADB Report
16 Jul 2013 Challenge for Asia to Maintain Growth Momentum - ADB Report
15 May 2013 Armenia's Aging Hydropower Plants Get New Life with ADB Private Sector Loan
View all news releases

Development Effectiveness

November 2010
Armenia: A Historic Country Reemerges

Photostream

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