Project Name Investment Promotion
Project Number 47265-001
Country Armenia
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8559-ARM: Investment Promotion
Technical Assistance Special Fund US$ 750,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Industry and trade - Industry and trade sector development

Public sector management - Economic affairs management

Gender Equity and Mainstreaming
Project Rationale and Linkage to Country/Regional Strategy

Project Outcome

Description of Outcome
Progress Toward Outcome The government announced that the investment forum will be held in New York in the last quarter of 2016.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues) The technical assistance is helping the government in developing new investment proposals and attracting investors to the forum through road-shows. The recruitment of the professional conference organizer is ongoing.
Geographical Location Yerevan

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design The TA was discussed with the President of Armenia, the Prime Minister, the Ministry of Economy, the Armenia Development Agency and other key stakeholders. International financial institutions and other investment intermediaries have been consulted. Potential associate sponsors have been identified.
During Project Implementation Participants from the private sector and international organizations have been actively involved in the TA activities.

Business Opportunities

Consulting Services ADB will engage the services of an international consulting firm (professional event organizer) which will be recruited in accordance with ADB's Guidelines on the Use of Consultants (2013, as amended from time to time); engagement is ongoing. Another consulting firm has been engaged for technical support.
Procurement All procurement will be done in accordance with ADB's Procurement Guidelines (2013, as amended from time to time). All equipment procured under the TA will become ADA''s property.

Responsible Staff

Responsible ADB Officer Ruben Barreto
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Ministry of Economy
Mr Vahram Avanesyan, Minister of Economy and ADB Governor
5 M. Mkrtchian Street, Yerevan 375010 Armenia


Concept Clearance 20 Sep 2013
Fact Finding 07 Oct 2013 to 14 Oct 2013
Approval -
Last Review Mission -
Last PDS Update 31 Mar 2016

TA 8559-ARM

Approval Signing Date Effectivity Date Closing
Original Revised Actual
13 Dec 2013 08 Jan 2014 08 Jan 2014 31 Dec 2015 31 Dec 2016 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
750,000.00 0.00 250,000.00 0.00 0.00 0.00 1,000,000.00 13 Dec 2013 226,789.22

This page was generated from on 28 July 2016