Stable Growth Outlook for Developing Asia

Developing Asia’s outlook remains on track despite slower-than-expected first-quarter growth in the United States. Read More

Providing Clean, Safe Water to Armenians

More than 600,000 Armenians have benefited from an ADB-supported project that upgraded water supply and sanitation systems in the central Asian country. Read More

47th Annual Meeting - Rethinking Asia's Challenges at the Crossroads of the Silk Road

ADB's 47th Annual Meeting, held in Astana from 2 to 5 May, saw much discussion on connectivity, innovation, and the need to keep up with the demands of a changing Asia and Pacific. Read More

ADB Approves $21.02 Billion in Financing in 2013

The substantial lending volume reflects Asia’s continued need for development assistance, despite impressive growth and poverty reduction efforts in recent years. 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