Developing Asia Fastest Growing Region

Developing Asia remains the fastest growing region globally despite slower-than-expected growth in major industrial countries as key economies move ahead with structural reforms, says a new ADB report. Read More

ADB Supports Road and Water Sector Sustainability in Armenia

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. Read More

A Broader View of Asian Poverty

Food insecurity and economic vulnerability should be included in a broader definition of poverty that could help policymakers develop more effective approaches, says new ADB report. Read More

Project Safeguards for Inclusive and Environmentally Sustainable Growth

Protecting the people and environment from the potential adverse effects of development is the cornerstone of ADB's Safeguard Policy. Read More

Overview

The government's long-term development vision is articulated in the Armenia Development Strategy 2025. It sets the following four priorities: growth of employment, development of human capital, improvement of the social protection system, and institutional modernization of public administration and governance.

The ADB country operations business plan (COBP) 2014-2016 for Armenia identifies infrastructure development as priority area for ADB’s operations.

Fast Facts

3.29 (2013)
Population in millions

0.3% (2008-2013)
Average annual population growth rate

32.4% (2012)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
25.00 / 3.32
Energy (1)
 
105.00 / 13.95
Finance (6)
 
80.00 / 10.63
Multisector (2)
 
466.56 /62.00
Transport and ICT (7)
 
76.00 /10.10
Water Supply (2)
 
752.56 / 100.00
TOTAL (18)
Cumulative as of 31 December 2013