Armenia and ADB
In the Spotlight
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.
The growth outlook for developing Asia and the Pacific remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, ADB says in a new report.
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.
More than 600,000 Armenians have benefited from an ADB-supported project that upgraded water supply and sanitation systems in the central Asian country.
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.
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