Armenia and ADB
In the Spotlight
ADB commemorated the 10th anniversary of its partnership with Armenia, which aims to boost the country’s economy and improve the people’s quality of life.
ADB is extending assistance of $89.3 million to help Armenia build earthquake-resilient schools and scale up its capacity for responding to natural disasters in one of the most earthquake prone regions in the world.
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.
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.
Projects in Armenia
- Sustainable Urban Development Investment Program - Tranche 2
- Seismic Safety Improvement Program
- M6 Vanadzor-Alaverdi-Georgian Border Interstate Road Rehabilitation and Improvement Project
- Project Management Support to the Ministry of Transport and Communication
- School Seismic Safety Improvement Program